Palm edges down on overnight weakness in crude, soyoil

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 charted a decline on Wednesday evening after two sessions of gains, falling over 1% tracking overnight weakness in crude oil and Chicago Board of Trade (CBOT) soyoil.

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.