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.