Malaysian palm oil prices make further gains on higher crude oil, stronger exports

The benchmark palm oil contract price for January delivery on the Bursa Malaysia Derivatives Exchange was up 0.2 percent at 2,762 ringgit ($655.20) a tonne at the close of trade. It earlier rose to a daily high of 2,766 ringgit, the best level since Sept. 27. Traded volumes stood at 44,760 lots of 25 tonnes each at the end of the trading day.

KUALA LUMPUR: Malaysian palm oil futures extended gains on Monday evening, recording a fourth straight day of wins tracking higher crude oil prices and stronger export data from cargo surveyors.

The benchmark palm oil contract price for January delivery on the Bursa Malaysia Derivatives Exchange was up 0.2 percent at 2,762 ringgit ($655.20) a tonne at the close of trade. It earlier rose to a daily high of 2,766 ringgit, the best level since Sept. 27.