Malaysian palm oil price drops on weaker soyoil, higher production outlook


Malaysian palm oil futures rose to their highest in two weeks on Monday in a fourth consecutive session of gains, tracking other edible oils and on forecasts of lower end-stocks in Indonesia.

KUALA LUMPUR: Malaysian palm oil futures posted their worst session in a week on Monday, racking weaker performances in rival oils.

Traders were bearish because of forecasts of rising output, but they are uncertain how high production will be in the coming months.

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