Malaysian palm oil price edges higher; range-trading on Sino-US trade war jitters

Malaysian palm oil futures fell nearly 1 percent to their lowest level in two weeks on Monday, recording a third consecutive session of losses, due to weaker exports.

KUALA LUMPUR: Malaysian palm oil futures were rangebound on Friday, as weakness in related edible oils and U.S.-China trade friction concerns dented sentiment, but prices edged higher at the end of the trading day.

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was up 0.2 percent at 2,196 ringgit ($538.24) a tonne at the close of trade. the week.