KUALA LUMPUR: Malaysian palm oil futures climbed over 1 percent on Friday before paring gains at the close of trade, buoyed by expectations of strong exports and falling production.
The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange hit a one-month high of 2,615 ringgit ($655.06) per tonne in early trade before settling 0.35 percent higher than the previous close at 2,594 ringgit at the end of the trading day.
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