KUALA LUMPUR: Malaysian palm oil futures hit a one-week excessive for the duration of change on Tuesday, reversing losses made earlier in the day and supported via a weaker ringgit and expectations of weaker than forecast production.

The benchmark palm oil agreement for July delivery at the Bursa Malaysia Derivatives trade closed up 0.6 in step with cent at 2,173 ringgit ($526) a tonne, its strongest day by day gains in two weeks. It had in advance fallen to two,139 ringgit, its weakest level since April 2, earlier than rebounding to a one-week high of 2,184 ringgit.

posted in sunrise, April 17th, 2019