Malaysian palm oil rose on production concerns in Malaysia and Indonesia due to heavy rains and higher deman from China. Malaysian palm oil futures as on 24/1/2024 early trade rose by RM 19 or 0.48% to RM 3967 ($ 838.16) per ton. Stronger rival edible oils supported prices. Rain forecasts in Malaysia and Indonesia raised concerns about production. Prices recorded 2 months high.