Palm Oil Holds Near MYR 4,900 on Supply Concerns
Malaysian palm oil futures edged higher, hovering near MYR 4,900 per tonne after recent weakness, supported by firmer soyoils on China’s Dalian markets and expectations of tighter supplies. Indonesia’s B50 biodiesel mandate is set to divert more palm oil to domestic use, while El Niño risks could curb output in both In