KUALA LUMPUR: Malaysian palm oil futures jumped to a one week top on Wednesday evening, charting a second straight day of gains, over concerns that rainy weather could lower production.
The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was up 1.3 percent at 2,820 ringgit ($666.98) a tonne at the close of trade, its strongest daily gain in over two weeks.
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