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Palm declines on weaker related edible oils

Reuters  |  KUALA LUMPUR 

By Emily ChowKUALA LUMPUR (Reuters) - Malaysian palm oil futures fell in early trade on Wednesday, in line for a third straight day of losses, on the back of weaker related edible oils on the U.S. Chicago Board of Trade and China's Dalian Commodity Exchange.The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange fell 0.4 percent to 2,423 ringgit ($626.10) a tonne at the midday break.Trading volumes stood at 21,562 lots of 25 tonnes each."The market is still under correction and following weaker related oils," said a Kuala Lumpur-based futures ...

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First Published: Wed, April 11 2018. 13:44 IST