Malaysian palm oil price rebounds from near three-month low on positive export data


Malaysian palm oil futures ended higher on Wednesday as prices tracked rival oils on China's Dalian Commodity Exchange and production data released was within traders' expectations. (A motorcylcist rides past a palm oil tanker in a plantation in Johor. - REUTERS filepic)

KUALA LUMPUR: Malaysian palm oil futures saw their strongest daily gains in nearly two weeks on Wednesday after hitting a near three-month low in the previous session, aided by positive export numbers.

    Benchmark palm oil futures for April delivery on the Bursa Malaysia Derivatives Exchange rose 0.6 percent at 3,067 ringgit ($689.68) a tonne at the end of the trading day.

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