Malaysian palm oil price gains on demand recovery; output data in focus

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KUALA LUMPUR: Malaysian palm oil futures charted their first gain in a week on Monday evening, supported by signs of a demand recovery, though traders were watching for official data on Malaysian output and inventories due this week.

The Bursa Malaysia Derivatives Exchange benchmark palm oil contract for December delivery was up 0.5% at 2,160 ringgit ($515.39) a tonne by the close of trade at 1000 GMT.

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