Malaysian palm oil price edges down tracking weaker related edible oils

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was down 1 percent at 2,191 ringgit ($537.80) a tonne at the end of the trading day. Trading volume stood at 49,614 lots of 25 tonnes each at the close of trade.

KUALA LUMPUR: Malaysian palm oil futures declined on Friday, their second straight day of losses, tracking weaker related edible oils such as U.S. soyoil on the Chicago Board of Trade and palm olein on China's Dalian Commodity Exchange.

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was down 0.8 percent at 2,222 ringgit ($534.65) a tonne at the end of the trading day. It earlier fell as much as 1.1 percent to a four day low of 2,215 ringgit.