Malaysian palm oil futures fell below MYR 4,720 per tonne as traders took profits after prices hit a two-week high, with the pullback tracking weaker edible oils on the Dalian exchange and signs of ample supply in Malaysia. July inventories rose 3.32% month on month to 2.63 million tonnes and output climbed 9.41% to 1.79 million tonnes, while softer Chinese inflation data pointed to weak demand in the world's top edible oil importer. Losses were partly cushioned by a weaker ringgit and firmer soyoil prices on the Chicago exchange. Support also came from expectations of festive-season buying in India after July edible oil imports reached a 10-month high, and from improving export demand as cargo surveyors estimated Malaysian palm oil shipments in the first 10 days of August rose between 2.6% and 14.8%. Stronger crude oil prices, driven by Middle East supply concerns and uncertainty over a U.S.-Iran peace deal after attacks on two ships, added a broader tailwind to the commodity complex.