Malaysian palm oil price opens lower tracking weaker related oils(Update)

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 0.7% at 2,007 ringgit ($482.34) per tonne on Tuesday evening, charting its first gain in three days. It had risen as much as 1.3% to an intraday high of 2,019 ringgit

KUALA LUMPUR: Malaysian palm oil futures edged lower in early trade on Wednesday, weighed down by weaker overnight soyoil on the U.S. Chicago Board of Trade (CBOT) and a fall in oil prices.     
    The benchmark palm oil contract for August delivery  on the Bursa Malaysia Derivatives Exchange was last down 0.4% at 2,000 ringgit ($480.31) per tonne.

    The Chicago July soybean oil contract had fallen 0.6% on Tuesday, and was last slightly down 0.1%.
        
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