Malaysian palm oil price recovers from near four-month low

Malaysian palm oil futures slid for a third consecutive session on Monday, falling to its lowest since mid-November as slowing demand and expectations of higher supplies weighed on the market.

KUALA LUMPUR: Malaysian palm oil futures recovered late on Tuesday, tracking stronger soyoil prices after hitting their lowest level in nearly four months earlier in the day.

Benchmark palm oil futures for May on the Bursa Malaysia Derivatives Exchange ended the session 0.6 percent higher at 2,770 ringgits ($624) a tonne.