Palm Oil Prices Edge Higher but Headwinds Persist

Palm oil prices edged higher on Thursday but continue to face headwinds as a stronger dollar and steady output continue to keep prices on the defensive. Prices tumbled on Monday as planters’ estimates of output showed steady palm production in Malaysia, countering expectation of a decline.

The Malaysian Palm Oil Association, a group of growers, forecast that total February crude palm oil output at 1.16 million…