Malaysian palm oil futures for May delivery rose from yesterday’s closing of RM 3924 to RM 3936 ($827.06) per ton by mid day of 28/2/2024. Strength in rival edible oils prices supported palm oil prices and weak export data limited gains. Malaysian palm oil exports likely to see larger drop while small drop in output is experted. Indonesian palm oil production this year is likely to grow by 5% from last year to 57.6 million tons, while exports are likely to be at 32 to 33 million tons according to Indonesia Palm Oil Association (GAPKI)