Palm jumps over 1 pct on weaker ringgit

Malaysian palm oil futures made gains on Friday evening, their first in three sessions

KUALA LUMPUR: Malaysian palm oil futures rose more than 1 percent to its highest in over two weeks on Thursday, gaining on the back of a weaker ringgit and a favourable palm oil-to-gasoil spread.

A weaker ringgit, palm's currency of trade, usually makes palm oil cheaper for foreign buyers.