Malaysian palm oil price edges up but sluggish demand caps range

Malaysian palm oil futures fell to their lowest in nearly three years on Friday evening in a fourth session of losses, tracking declines in related edible oils.

KUALA LUMPUR: Malaysian palm oil futures edged up at the close of trade on Friday, but remained largely caught in a range as demand remained tepid.

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was slightly higher, up 0.05 percent to 2,194 ringgit ($540.39) a tonne at the end of the trading day, reversing earlier losses.