Malaysian palm oil price falls 1% on weaker edible oils, bearish outlook

Indonesian authorities plan to challenge the duties and will coordinate their response with the companies and the Indonesian biodiesel association, a senior Indonesian trade official told Reuters. "The companies are now working to rebut the proposed calculations of the EU for which the deadline is this Friday," said Pradnyawati, director of trade security at Indonesia's Trade Ministry.

KUALA LUMPUR: Malaysian palm oil futures fell over 1 percent on Thursday, charting a second straight session of declines, on weaker related edible oils and bearish market outlook on palm prices and inventory levels.

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was down 1.1 percent at 2,134 ringgit ($522.27) a tonne at the close of trade.