KUALA LUMPUR: Malaysian palm oil futures hit a one-week high in trade on Wednesday, bouncing back from a more than one-and-a-half-year low earlier this week, supported by overnight gains in soyoil on the Chicago Board of Trade.
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was up 1.1 percent at 2,440 ringgit ($625.00) a tonne at the close of trade, charting a third consecutive session of gains.
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