Palm Oil Closes Lower, Tracking Weaker Rival Oils — Market Talk

Palm oil futures ended lower, weighed by weaker soybean oil and crude oil prices, says David Ng, a trader at Kuala Lumpur-based Iceberg X. Concerns about sluggish exports and rising inventories continue to pressure sentiment, he adds. Ng expects prices to find support at 4,700 ringgit a ton and fac…