Malaysian palm oil recorded 2nd consequent weekly gains on stagnant production and stronger rival edible oils. April delivery rose RM 45 or 1.16% to RM 3940 ($ 835.63) per ton at closing on 19/1/2024 and contract was up by 2.18% for this week extending 4.7% gain from last week. Malaysia’s crude palm oil (CPO) production is estimated at 18.75 million tons for 2024 up by 1% from last year, as the labour situation imposed in Malaysia. Dalian’s soy oil contract up by 2.2% and palm oil contract up by 2.37% . Soy oil prices on Chicago were up by 0.52%.