Malaysian palm oil price declines but pares losses on high stocks

Malaysian palm oil futures charted a second consecutive day of losses on Tuesday evening despite seeing gains earlier in the day, as a stronger ringgit, which makes the tropical oil more expensive for foreign buyers and aids demand, weighed on prices.

KUALA LUMPUR: Malaysian palm oil futures declined on Tuesday evening as high end-stocks and sluggish demand dented sentiment but pared an earlier 1 percent drop.

Weakness in related edible oils compounded the decline, said traders.