KUALA LUMPUR: Malaysian palm oil futures rose to their highest in two weeks on Monday in a fourth consecutive session of gains, tracking other edible oils and on forecasts of lower end-stocks in Indonesia.
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 0.2 percent to 2,488 ringgit ($581.85) a tonne at the close of trade. It earlier hit 2,515 ringgit, its highest since June 5.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!