Palm oil prices firms on strong exports, supply concerns

  • Palm Oil
  • Friday, 21 Feb 2014

KUALA LUMPUR: Malaysian palm oil futures ended higher on Thursday, recovering losses from the previous session to trade at their highest in one-and-a-half years on strong export data and concerns of a drought squeezing supplies. 

Dry weather in parts of Malaysia and Indonesia has caused some stress in oil palm trees, traders said, curbing the growth of palm fruit and causing a larger-than-expected drop in output this month. 

Palm Oil