Malaysian palm oil price up on overnight soyoil strength, stronger exports

Kenanga Research, in its latest report, said planters with high plantations exposure in Peninsular Malaysia such as Sime Darby Bhd, IOI Corp Bhd, Kuala Lumpur Kepong Bhd (KLK), Felda Global Ventures Holdings Bhd (FGV) and United Malacca Bhd could see higher-than-average production growth trends

KUALA LUMPUR: Malaysian palm oil futures rose for the first time in five sessions on Wednesday, supported by rising export demand and strength in soyoil on the Chicago Board of Trade.

    The benchmark palm oil contract for December delivery  on the Bursa Malaysia Derivatives Exchange rose 0.1 percent to 2,770 ringgit a tonne at the end of the trading day.