Palm oil falls for second session on weaker rivals By Bernadette Christina

Business Recorder reported that Malaysian palm oil futures extended their decline on Monday, marking a second straight day of losses on the Bursa Malaysia Derivatives Exchange. Softness in competing edible oils traded in Chicago and Dalian pulled prices lower, though firmer crude oil and a softer ringgit limited the fall. The report attributed the modest size of the decline to those supporting factors. Bernadette Christina filed the report from Jakarta.

The benchmark December contract on Bursa Malaysia Derivatives was quoted 13 ringgit lower, a 0.28% fall, at 4,659 ringgit ($1,141.91) per metric ton. Trading stayed within a narrow band between 4,653 ringgit and 4,720 ringgit during the session. Over the previous week, the contract dropped 4.61%.