Palm oil falls for second session on weaker Dalian rivals

Malaysian palm oil futures declined for a second consecutive trading day on Tuesday, with pressure coming from weaker prices for competing oils in Dalian, Business Recorder reported. The January contract on Bursa Malaysia Derivatives Exchange was down 37 ringgit, equivalent to 0.8%, at 4,612 ringgit ($1,133.73) per metric ton in early trading.

The retreat was limited by stronger crude oil prices and firmer Chicago soyoil, which helped offset some of the downward influence from Dalian markets. The reported move reflects mixed signals across competing commodity markets, rather than a uniform direction among the products cited. The source provides no indication of how the contract finished the session.