Malaysian palm oil price up on improving exports, low output forecast

Malaysian palm oil futures rose by the most in more than two weeks on Friday, lifted by a weaker ringgit and tracking better-performing rival oils on China's Dalian Commodity Exchange.

KUALA LUMPUR: Malaysian palm oil futures rose on Thursday evening, driven by improving exports and lowered production forecasts and despite a strengthening ringgit, which typically weighs on prices

The ringgit strengthened 0.2 percent against the dollar on Thursday. A stronger ringgit makes palm oil more expensive for foreign currency holders and usually lowers demand.