Palm oil claws back partial gains, weak exports limit

KUALA LUMPUR: Malaysian palm oil futures recovered some losses on Thursday after plunging nearly 6% in the previous session, but weak exports kept the contract near a 2.5-year closing low.

Palm oil may revisit April 28 low of 3,484 ringgit

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained 64 ringgit, or 2%, to 3,265 ringgit ($708.04) a tonne during early trade. Reuters