Palm Oil Edges Higher as Malaysia Output Falls

Palm oil prices rebounded forming a bottom and climbing higher in tandem with soybean oil.  Prices were buoyed as shipments from Malaysia, fell nearly 14% in February month over month, according to data from cargo surveyors. Output is expected to rise from now and through the second quarter of the year, following a recovery in fresh fruit yields.

Vegetable oil prices also received a boost as news that Brazil…