Palm rebounds to one-week high on lower output data

Malaysian palm oil futures fell on Thursday, snapping two days of gains, as it tracked weaker crude oil prices and a drop in U.S. soyoil in Chicago

KUALA LUMPUR: Malaysian palm oil futures reversed earlier losses to close over 2 percent higher on Monday, as official data showed falling output for the first time in five months.

Data from industry regulator the Malaysian Palm Oil Board (MPOB) showed stocks last month rose 10.5 percent from October to 3.007 million tonnes, while production in November slid 6.09
percent from the previous month to 1.85 million tonnes.