The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was last down 0.1% at 2, 062 ringgit ($496.27) per tonne at the close of trade, in a second session of losses. Palm oil is down 0.2% on the week, snapping two previous weeks of gains.
KUALA LUMPUR: Malaysian palm oil futures edged down on Friday, holding steady amid bearish trade sentiment after U.S. President Donald Trump's fresh tariff threat against China.
Trump said on Thursday he would impose a 10% tariff on $300 billion of Chinese imports from Sept. 1 and could raise tariffs further if China's President Xi Jinping fails to move more quickly to strike a trade deal.
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