Malaysian palm oil price edges up on strong exports

Malaysian palm oil futures steadied in late trade on Thursday, recovering earlier losses as some traders bought palm before a possible spike in the ringgit if Britain votes to stay in the European Union.

    Benchmark palm oil futures for November on the Bursa Malaysia Derivatives Exchange rose 1.4 percent to 2,578 ringgit ($641) per tonne. Prices hit 2,522 ringgit earlier in the session, the lowest since Aug. 12. 

    Traded volumes stood at 37,833 lots of 25 tonnes each at the close of trade, lower than the 2015 average of 44,600.