Malaysian palm oil price rebounds on stronger crude and soyoil

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was down 1 percent at 2,191 ringgit ($537.80) a tonne at the end of the trading day. Trading volume stood at 49,614 lots of 25 tonnes each at the close of trade.

KUALA LUMPUR: Malaysian palm oil futures rose on Tuesday evening for their biggest daily advance in a week, rebounding from Monday's near two-week low, tracking gains in crude oil prices.

Soyoil's rise on the Chicago Board of Trade (CBOT) also supported prices, a trader said.