Malaysian palm oil price reverses losses on stronger demand outlook

Malaysian palm oil futures fell over 1 percent on Friday, recording a fifth session of declines in six, tracking weakness in soyoil on the U.S. Chicago Board of Trade (CBOT).

KUALA LUMPUR: Malaysian palm oil futures recouped earlier losses to close flat at the end of the trading day on Wednesday, helped by gains in the U.S. soyoil and on prospects of improving export demand.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was at 2,170 ringgit ($526.06) a tonne at the close of trade.