Malaysian palm oil price rebounds from losses on export expectations

According to Subur Tiasa senior independent director Ngu Ying Ping the company may seek a renewal of the oil palm plantation licence to expand the oil palm plantation operation or venture into plantation of trees that would complement its timber operation.

KUALA LUMPUR: Malaysian palm oil futures rebounded on Thursday evening, lifted from an earlier two-week low by expectations of stronger cargo surveyor data.

The market had fallen on an expected increase in production, with Malaysia's palm oil output on track to rebound this year from an El Nino-affected 2016, though a Reuters poll of traders, planters and analysts suggested it will miss previous forecasts on a par with 2015's record high.