CPO recovers early losses to hit 2-month high


Malaysian palm oil futures rose more than 1 percent on Friday evening, charting a third straight day of gains, supported by a weaker ringgit MYR= and rising related edible oils.

KUALA LUMPUR: Malaysian palm oil futures recovered from early session losses to hit a two-month high on Wednesday evening as it tracked gains in rival oilseed soy on the Chicago Board of Trade (CBOT).

Palm was down nearly 1 percent at the midday break, hurt by expectations of higher production in July.

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