Malaysian palm oil price rebounds from one-week low on stronger crude prices

Malaysian palm oil futures rose for a third consecutive session on Wednesday, but the rally may lose steam due to concerns about rising stockpiles, traders said.

KUALA LUMPUR: Malaysian palm oil futures rebounded from a one-week low on Friday, tracking rises in crude oil prices.

The market earlier fell on concerns of oversupply and overnight soyoil weakness on the Chicago Board of Trade (CBOT).