KUALA LUMPUR: Malaysian palm oil futures reversed early gains on Wednesday after hitting a near four-week high on hopes of a recovery in demand after China eased COVID-19 curbs.
The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange lost 10 ringgit, or 0.24%, to 4,090 ringgit ($925.34) a tonne.
In a major step towards freer travel, cheered by global stock markets on Tuesday, China will stop requiring inbound travellers to go into quarantine from Jan….