KUALA LUMPUR: Malaysian palm oil futures reversed earlier losses to close over 2 percent higher on Monday, as official data showed falling output for the first time in five months.
Data from industry regulator the Malaysian Palm Oil Board (MPOB) showed stocks last month rose 10.5 percent from October to 3.007 million tonnes, while production in November slid 6.09
percent from the previous month to 1.85 million tonnes.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!