Malaysian palm oil price edges up on stronger demand

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 ended slightly higher on Wednesday, supported by a stronger export outlook and technical buying, though gains were capped by expectations of rising production in October.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was up 0.1 percent at 2,696 ringgit ($638.86) a tonne at the close.