Malaysian palm oil price extends run of gains on production expectations

Malaysian palm oil futures rose on Tuesday evening in their second consecutive day of gains, helped by strong export data and firmer soyoil prices

KUALA LUMPUR: Malaysian palm oil futures extended gains into a sixth session on Thursday and hovered near a five-month high hit in the evening on expectations that production growth will be slower than previously forecast.

    The benchmark palm oil contract for November delivery  on the Bursa Malaysia Derivatives Exchange was up 1.4 percent at 2,777 ringgit ($649.14) by the close, registering its strongest daily  gain in more than two weeks.