Malaysian palm oil price up in later trade on supportive price outlook

RAM also said the increase in Indian import duties on rival soybean oil in June 2018 was also expected to reverse the downtrend in palm oil exports for Malaysia and Indonesia.

MUMBAI: Malaysian palm oil futures recovered from earlier losses on Friday evening, edging up to end the trading day higher, as the market rose on a supportive price outlook by an industry  analyst.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was up 0.2 percent at 2,170 ringgit ($524.53) a tonne at the end of the trading day.