KUALA LUMPUR: Malaysian palm oil futures rebounded from a one-week low in the second half of trade on Friday, supported by expectations of better export data scheduled for release on Aug 31 and Sept 3 by cargo surveyors.
The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was last up 0.6pc at 2,234 ringgit per tonne, gaining 7.9pc for the month in its strongest monthly performance since January.
The market had earlier fallen to 2,201 ringgit, its lowest since Aug 22.
Published in Dawn, August 31st, 2019
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