Palm oil posts second consecutive annual loss – Markets

KUALA LUMPUR: Malaysian palm oil futures staged a rebound and settled higher on Friday, although the benchmark contract logged a second consecutive annual loss.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose 5 ringgit, or 0.13%, to 3,744 ringgit ($815.69) at closing. It lost 10% for the year.

Malaysian palm oil was unable to sustain gains…