Palm oil rises as expectations of stronger export demand boost.

Kuala Lumpur Iceberg X trader David Ng said that palm oil prices rose due to anticipated strong export demand in the coming weeks. He added that weak production also supported prices. Ng believes that the support level for crude palm oil is at 4,280 Malaysian Ringgit per ton, with resistance at 4,480 Malaysian Ringgit per ton. The contract for delivery in April on the Malaysia Derivatives Exchange rose 46 Malaysian Ringgit to 4,318 Malaysian Ringgit per ton.