KUALA LUMPUR: Malaysian palm oil futures charted their first decline in four days on Thursday evening, slipping from the previous session's one-week high, as ample supplies dented sentiment. The Dalian January palm oil contract was up 0.5 percent. Palm oil prices are also affected by movements in other edible oils that compete in the global vegetable oils market. "Palm prices can't go up very high ... though next month's production will be down." Palm oil production is experiencing a seasonal decline until after the first quarter of next year.

Source: The Star December 28, 2017 22:41 UTC