Malaysian palm oil price reverses losses, tracks rising soyoil


Malaysian palm oil futures ended higher on Wednesday as prices tracked rival oils on China's Dalian Commodity Exchange and production data released was within traders' expectations. (A motorcylcist rides past a palm oil tanker in a plantation in Johor. - REUTERS filepic)

KUALA LUMPUR: Malaysian palm oil rebounded from earlier losses on Wednesday evening, rising for a third session in four as it was lifted by stronger performing soyoil and in a technical correction. 

Expectations of slower than forecast output growth also aided the market recovery in late trade, said traders.

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