Malaysian palm oil futures rose for a second consecutive session by the close on Friday, climbing by nearly 1 percent and buoyed by expectations of rising demand and tracking gains in palm kernel oil prices.
KUALA LUMPUR: Malaysian palm oil futures jumped to their highest level since March in Monday's session driven by a fall in production and higher exports that kept inventory numbers lower than expected.
The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange rose 1.5 percent to 2,802 ringgit ($667.94), the highest since March 23.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
