Malaysian palm oil price sees strongest gains in 2 weeks


Malaysian palm oil futures fell to a two-week low in late trade on Tuesday, dropping nearly 1 percent as the market was weighed down by expectations of rising production.

KUALA LUMPUR: Malaysian palm oil futures made their biggest daily gains in two weeks on Tuesday, reversing losses from the previous session, supported by strength in related edible oils.

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was up 2 percent to 2,626 ringgit ($612.98) at the close of trade, its strongest daily gain since July 25.

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