Malaysian palm oil price hits near 3-month low before gaining on low supply


Malaysian palm oil closed higher on Friday, reversing earlier losses, as traders squared positions ahead of the weekend and as low stock levels supported the market.

KUALA LUMPUR: Malaysian palm oil futures came off near three-month lows to trade higher on Tuesday evening on concerns about a decline in February production, traders say.

Market signals, however, were mixed earlier in the day as some forecast output gains while exports in February are expected to improve, traders said. 

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