KUALA LUMPUR: Malaysian palm oil futures rose on Thursday to record a third session of gains this week, amid expectations of slow output growth and sustained Ramadan demand.
The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange rose 1.4 percent to 2,579 ringgit ($632) per tonne in the evening. It earlier reached an intra-day high of 2,595 ringgit, its highest in a week.
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