By Emily Chow
It earlier fell to an intraday low of 2,144 ringgit, the lowest since September 21, 2015. It is down 5.3 percent this week, as sentiment was largely bearish due to weak demand and jitters over the Sino-U.S. trade spat.
Trading volumes stood at 52,928 lots of 25 tonnes each at the end of the trading day.
"Weakness in CBOT soybean oil and Dalian olein prices are pressuring palm," said a futures trader in Kuala Lumpur, referring to U.S. soyoil on the Chicago Board of Trade and palm olein prices on China's Dalian Commodity Exchange.
The market was waiting for fresh triggers, another trader added.
Palm oil prices are usually impacted by the performance of other edible oils as they compete for a share in the global vegetable oils market.
Meanwhile, the Dalian September palm oil contract eased 0.7 percent.
(Reporting by Emily Chow; Editing by Sunil Nair/David Evans)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)