Malaysian palm oil futures ended higher on Wednesday as prices tracked rival oils on China's Dalian Commodity Exchange and production data released was within traders' expectations. (A motorcylcist rides past a palm oil tanker in a plantation in Johor. - REUTERS filepic)
KUALA LUMPUR: Malaysian palm oil futures opened the year strongly on Tuesday, rising to a two-week high on weak output and a firm performance by fellow oilseed soy.
Palm was also supported by a weaker ringgit, palm's traded currency, which made it cheaper for holders of foreign currencies.
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