KUALA LUMPUR: Malaysian palm oil futures rose over 1 percent on Friday evening, rising to a two week high, backed by gains in related edible oils such as soyoil on the U.S. Chicago Board of Trade, and as export demand remains firm.
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was up 1.4 percent at 2,523 ringgit ($644.12) a tonne at the close of trade, its strongest daily gain since the start of the year.
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