Malaysian palm oil price rebounds on correction, stronger crude oil


Malaysian palm oil futures rose 2 percent on Tuesday, a second consecutive session of gains on stronger export demand and expectations of weaker production.

KUALA LUMPUR: Malaysian palm oil futures reversed earlier losses to gain at the end of the trading day, supported by a correction and on strength in crude oil prices.

The market had earlier been range trading, and was slightly down at the midday break ahead of a poll and an official data release for November.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Trading ideas: Binastra, Capital A, Allianz, MN, Vestland, Genting Plantations, YTL Cement, Pimpinan Ehsan, TH Plantations, Marine & General, FGV, SumiSaujana
Energy transition to propel Sarawak’s future
New tech leaves other sectors behind
Indonesia’s domestic investors dominate as FDI falters for 2025
Construction companies poised to�sustain growth
US Federal Reserve vice-chair says interest rates are well positioned
If I were an ageing oil palm tree
Hurdles in DBS’ Alliance Bank bid
Germany proposes giving EV buyers subsidies to boost demand
Metals keep shining bright

Others Also Read