date:Feb 18, 2014
Malaysian palm oil futures reversed earlier losses to extend gains into a fourth straight session on Monday as expectations of rising demand and of falling output and exports offset a stronger ringgit. By the close, the benchmark May contract on the Bursa Malaysia Derivatives Exchange was up 0.6 percent at 2,682 ringgit ($810) per tonne. Earlier, prices rose to a high of 2,684 ringgit, just under Friday's peak at 2,688 ringgit, the highest level since December 9.
Anticipation of lower producti