Malaysian palm oil price reverses track to gain tracking rival soy


Palm oil futures for August delivery on the Bursa Malaysia Derivatives Exchange dropped 1.9 percent to 2,481 ringgit ($605) per tonne at the close of trade on Tuesday.

KUALA LUMPUR: Malaysian palm oil futures rose for a second session in four on Friday as better performing rival soy oil gave the market a late boost even though a stronger ringgit weighed on prices earlier in the day.

    Traded volumes stood at 28,711 lots of 25 tonnes each on Friday, lower than the 2015 average of 44,600.

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