Malaysian palm oil price rises after 2 sessions of falls on US soyoil strength

Malaysian palm oil futures jumped by more than 1 percent to its highest in nearly a month on Tuesday, extending gains into a third session on strength in related edible oils and earlier weakness in the ringgit.

KUALA LUMPUR: Malaysian palm oil futures rose on Friday, recovering from two straight sessions of declines on technical correction and tracking strength in U.S.soyoil prices.

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 0.5 percent at 2,229 ringgit ($543.00) a tonne at the midday break, but down 0.4 percent for the week in what could be its second straight weekly fall.