Palm Oil Ends Higher on Soybean and Crude Oil Gains
Palm oil prices ended higher, supported by stronger soybean oil and crude oil prices, trader David Ng said. A weaker production outlook and October’s smaller-than-expected inventory buildup also improved sentiment.
Palm oil ended higher. Prices are supported by stronger soybean oil and crude oil prices, according to David Ng, a trader at Kuala Lumpur-based Iceberg X. A weaker production outlook, coupled with October's smaller-than-expected inventory buildup, helped improve market sentiment even as domestic st…