Malaysian palm oil price follows other edible oils to hit 3-day low

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was up 0.4% at 2,067 ringgit ($501.94) per tonne at the close of trade, its fifth consecutive session of gains. It earlier rose 0.7% to 2,073 ringgit, its strongest level since June 7. Palm is also up 4.8% for the week in a second week of gains.

KUALA LUMPUR: Malaysian palm oil futures fell to their lowest in three days on Monday, tracking weaker related edible oils.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed 1.3 percent lower at 2,140 ringgit ($526.19) a tonne in its sharpest daily decline since March 14.
It earlier fell to a three-day low of 2,133 ringgit.