Malaysian palm oil price gains on stronger related oils, weaker output

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 0.6% at 1,955 ringgit ($472.79) per tonne by the close of trade. It earlier fell as much as 1.5% to 1,938 ringgit, matching Tuesday's intraday low that was the weakest level since August 2015.

KUALA LUMPUR: Malaysian palm oil futures edged higher during Monday trade, charting a second session of gains in three days, bolstered by strength in related edible oils and expected weaker output.

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange rose 0.6 percent to 2,286 ringgit ($559.88) a tonne by the close.