Benchmark palm oil futures for February delivery on the Bursa Malaysia Derivatives Exchange rose 0.9 percent to 3,098 ringgit ($699) a tonne at the end of the trading day. Earlier in the session, they hit a low of 3,051 ringgit, their lowest since Dec. 1
KUALA LUMPUR: Malaysian palm oil futures bounced back on Thursday, after recording their sharpest fall in a week in the previous session, helped by a weaker ringgit and stronger performing soyoil.
The ringgit, palm oil's traded currency, weakened 0.2 percent to reach 4.3260 against the dollar in the evening. A weaker ringgit typically makes the tropical oil cheaper for holders of foreign currencies.
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