Malaysian palm oil price sees biggest gain in three weeks on output concerns

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 saw their strongest daily gain in three weeks on Tuesday, rebounding from two days of losses, on concerns of weaker output growth.

The market was supported in early trade by gains in global crude oil prices and in rival oilseed soy on the Chicago Board of Trade (CBOT).