The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was up 2.7 percent at 2,518 ringgit ($618) at the close of trade, its first gain in three sessions and its sharpest rise since July 25. It earlier hit an intraday high of 2,525 ringgit, its highest level in a week, and rose 1.6 percent on the week after six consecutive weekly falls.
KUALA LUMPUR: Malaysian palm oil futures fell on Thursday in its third straight session of declines, tracking weakness in related oils on the U.S. Chicago Board of Trade and China's Dalian Commodity Exchange.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 0.6 percent at 2,404 ringgit ($621.83) a tonne at the close, after touching 2,399 ringgit during the session, its lowest since March 13.
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