By Emily Chow
Trading volumes stood at 24,911 lots of 25 tonnes each in the evening.
U.S. soybean and soyoil futures surged on Friday on a market recovery, after hitting lows prompted by concerns over an escalating trade war with China.
"In the medium term, however, the market is expecting production to rise from now until September on a seasonal basis," added the palm oil trader, explaining that this could further dampen benchmark prices.
Palm oil production typically rises in the third quarter of the year in line with the seasonal trend. Malaysian output for June is forecast to slide 11.1 percent to 1.36 million tonnes, its weakest figure for June since 2007, due to a labour shortage, according to a Reuters poll.
Meanwhile, the Dalian September palm oil contract declined 0.7 percent.
Palm oil prices track the performance of other edible oils as they compete for a share in the global vegetable oils market.
(Reporting by Emily Chow; Editing by Sunil Nair and Mark Potter)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)