Malaysian palm oil price climbs on sentiment ahead of Lunar holidays

Malaysian palm oil futures saw their sharpest fall in seven weeks on Friday evening, weighed down by weak export demand and losses in related edible oils on the U.S. Chicago Board of Trade and China's Dalian Commodity Exchange.

KUALA LUMPUR: Malaysian palm oil futures rose on early Wednesday, recovering from their largest fall in two weeks in the previous session, on buoyant sentiment ahead of the Lunar celebration.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange climbed 0.35 percent to 2,302 ringgit ($560.51) a tonne at the midday break.