Malaysian palm oil price reverses earlier losses to gain on firmer soy, crude oil

Malaysian palm oil futures edged higher on Friday after a run of losses, supported by a weaker ringgit and short covering, although they still marked a second straight weekly loss.

KUALA LUMPUR: Malaysian palm oil futures snapped two sessions of losses to gain on Thursday evening, lifted by better performing crude oil and rival oilseed soy.

    Palm made its sharpest daily jump in two weeks on Sept. 2, and then hit a near three-week high of 2,662 ringgit a tonne on Tuesday.