Malaysian palm oil price rises to near 3-week top as output gains ease

Malaysian palm oil futures recouped earlier losses to rise 1 percent on Friday, tracking strength in crude oil prices.

KUALA LUMPUR: Malaysian palm oil futures rose over 1 percent in early trade on Tuesday, hitting their highest in nearly three weeks, amid slowing production gains.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange gained 1.2 percent to 2,186 ringgit ($532.00) a tonne by the midday break. It earlier rose as much as 1.4 percent to 2,190 ringgit, its highest since Dec. 20.