Palm rebounds from one-week low to edge up on export data

Malaysian palm oil edged up on Friday evening for its first gain in four sessions on the back of falling production outlook, after earlier hitting its lowest level since August last year on rising global vegetable oil supplies and weak demand..

KUALA LUMPUR: Malaysian palm oil futures rebounded from losses earlier in the day to rise on Monday evening, lifted by improving export data and technical buying.

The market had earlier hit a one-week low, weighed down by a stronger ringgit.