Malaysian palm oil price soars, tracking gains in soy oil markets

Malaysian palm oil futures continued to fall on Thursday evening in its second consecutive session, tracking weakness on China's Dalian Commodity Exchange and on estimates of rising palm oil production.

KUALA LUMPUR: Malaysian palm oil futures climbed 1.7 percent on Monday, tracking gains in soybean oil and other edible oil contracts on the Dalian Commodity Exchange.

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange rose to 2,787 ringgit ($657.93) a tonne by the evening.