Malaysian palm oil price hits 3-year low, before rebounding

Malaysian palm oil futures dipped on Tuesday evening, hitting their lowest in a week and tracking overnight losses in related edible oils such as soyoil on the U.S. Chicago Board of Trade and China's Dalian Commodity Exchange

KUALA LUMPUR: Malaysian palm oil futures fell to a near three-year low on Wednesday before reversing course as new demand emerged.The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was up 0.5 percent at 2,163 ringgit ($534) a tonne at the end of the trading day.

It earlier fell to 2,140 ringgit, its weakest level since September 2015.