Malaysian palm oil price hits over 1-week high on exports

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange was up 1.5 percent at 2,538 ringgit ($621.91) a tonne at the close of trade, its third consecutive day of gains. It earlier rose to 2,541 ringgit, its strongest level since Dec. 18.

KUALA LUMPUR: Malaysian palm oil futures were up over 1 percent on Wednesday evening, hitting their highest in more than a week on a rise in exports and tracking stronger related edible oils.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange was up 1.5 percent at 2,538 ringgit ($621.91) a tonne at the close of trade, its third consecutive day of gains.