Malaysian palm oil futures ended higher on Wednesday, tracking buoyant soy oil and crude oil prices, and prompting short covering among traders.
KUALA LUMPUR: Malaysian palm oil futures charted a second consecutive day of losses on Tuesday evening despite seeing gains earlier in the day, as a stronger ringgit , which makes the tropical oil more expensive for foreign buyers and aids demand, weighed on prices.
The ringgit, the currency palm oil is traded in, was up 0.3 percent at Tuesday's close of trade, not far off one-year highs hit on Thursday.
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