KUALA LUMPUR (April 26): Malaysian palm oil futures fell more than 2% during their second half of trade on Friday to their lowest in nearly a month, weighed down by weaker related edible oils. Palm oil prices are affected by movements in soyoil, as they compete for a share in the global vegetable oil market. Malaysian palm oil exports rose between 1.4% and 8.9% during April 1-25 versus the corresponding period last month, according to data from three cargo surveyors on Thursday. In other related oils, the Chicago May soybean oil contract fell 1% on Thursday, and was last down 0.7%. Meanwhile, the May soyoil contract on the Dalian Commodity Exchange fell 1.7%, and the Dalian May palm oil contract declined 2.2%.

Source: The Edge Markets April 26, 2019 15:11 UTC