Malaysian palm oil price buoyant on gains in soyoil

Malaysian palm oil futures fell over 1 percent on Thursday after three consecutive sessions of gains, on expectations of rising inventory levels and technical selling.

KUALA LUMPUR: Malaysian palm oil futures edged up on Tuesday tracking an overnight rise in rival soyoil, though the increase may be capped in the absence of other feel-good factors.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was up 0.3 percent at 2,163 ringgit ($522.97) a tonne at noon.