Palm oil firms on weaker ringgit, supply worries
Malaysian palm oil futures rose on Tuesday amid inclement weather in the country, recouping some of the losses from the previous session as a weaker ringgit supported prices, although declines in rival oils capped gains.
The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange rose 55 ringgit, or 1.41% to 3,959 ringgit ($836.47) a metric ton in morning trade.
The market fell nearly 1% on Monday.
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