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.
KUALA LUMPUR: Malaysian palm oil futures rose for a second consecutive session on Friday, buoyed by stronger demand ahead of Ramadan and on a technical correction after sharp falls earlier this week.
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was up 1 percent, reaching 2,530 ringgit ($575.26) a tonne at the end of the trading day, after earlier hitting a one-week high of 2,535 ringgit.
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