Malaysian palm oil price drops on high inventory, subdued related oils

Malaysian palm oil futures ended higher on Wednesday, tracking buoyant soy oil and crude oil prices, and prompting short covering among traders.

KUALA LUMPUR: Malaysian palm oil futures charted their first decline in four days on Thursday evening, slipping from the previous session's one-week high, as ample supplies dented sentiment.

Related edible oils largely traded flat, with the March soybean oil contract on the Chicago Board of Trade falling 0.2 percent while May soybean oil on the Dalian Commodity Exchange edged up by 0.1 percent.