KUALA LUMPUR: Malaysian palm oil futures notched up a second day of gains on Wednesday, climbing to a five-week high, buoyed by firm soyoil on the Chicago Board of Trade and expectations of lean production growth in October.
The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was up 0.7 percent at 2,260 ringgit ($544.71) a tonne at the end of the trading day.
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!