Malaysian palm oil price edges up from 3-year low, but inventories weigh

Malaysian palm oil futures declined on Monday evening, charting a second session of decline in three, as the market was pulled down by weaker demand and overnight losses in U.S. soyoil.

JAKARTA: Palm oil futures in Malaysia rose from a more than three-year low on Wednesday, helped by a weaker ringgit, but soft demand and high inventory levels kept prices under pressure.

Palm touched its lowest since August, 2015 a day earlier, falling a total of 4.4 percent over three consecutive sessions to Tuesday.