Palm extends decline on lower crude prices, weak rival oils

Malaysian palm oil futures fell on Tuesday, extending losses from the previous session, dragged down by weakness in rival oils and crude oil prices.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 27 ringgit, or 0.63%, to 4,286 ringgit a metric ton during early trade.

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Tags: futures, benchmark contract, Malaysia, palm oil