Malaysian palm oil futures closed nearly 1 percent higher on Wednesday, posting their third straight session of gains, on the back of a weaker ringgit. (Filepic shows an oil palm plantation worker carrying an oil palm bunch to be loaded onto the back of a truck at a plantation near Sepang. - Reuters
KUALA LUMPUR: Malaysian palm oil futures edged up in the first-half session on Wednesday, breaking a three-day losing streak on the back of improved sentiment for rival oils.
Benchmark palm oil futures for March delivery rose 0.5 percent on the Bursa Malaysia Derivatives Exchange to 3,108 ringgit ($694.21) a tonne by the midday break.
