Palm oil recovers from early losses in range-bound trading

Malaysian palm oil futures recovered in range-bound trading on Tuesday after slipping earlier, as gains eased in rival edible oils.

The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange rose 0.21% to 4,276 ringgit ($900.78) a metric ton, as of 0305 GMT, after falling as much as 0.98% earlier in the session.

Tags: Malaysia, palm oil, edible oils, futures, benchmark contract