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KUALA LUMPUR, Oct 13 (Reuters) — Malaysian palm oil futures fell on Tuesday, after edging higher in the previous session, as weaker rival edible oils, crude oil prices and high stockpiles pressured the market. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange slid 41 ringg
Malaysian palm oil futures fell on Tuesday, pressured by weaker rival edible oils, lower crude prices and high stockpiles. The December contract slid 41 ringgit.
Malaysian palm oil futures dropped for a second session on Wednesday, with the benchmark December contract down 36 ringgit, or 0.79%, to 4,524 ringgit ($1,107.20) a metric ton, weighed down by concerns over rising inventories. Prices were also supported by firmer crude oil prices.