The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was up 0.6 percent at 2,683 ringgit ($633.16) a tonne at the close of trade, its first gain after four losing sessions. It earlier fell to its lowest in 1-1/2 months at 2,653 ringgit. Traded volumes stood at 34,121 lots of 25 tonnes each at the end of the trading day.
KUALA LUMPUR: Malaysian palm oil futures saw their first daily gain in a week on Tuesday evening, supported by a weaker ringgit.
The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was up 0.6 percent at 2,683 ringgit ($633.16) a tonne at the close of trade, its first gain after four losing sessions. It earlier fell to its lowest in 1-1/2 months at 2,653 ringgit.
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