Malaysian palm oil price rises for 3rd straight day on gains in related oils

In a filing with Bursa Malaysia, IJM said pursuant to the agreement, IPS and the individual shareholder would own 20% and 5% stakes in PT PSS respectively, while KLKPH would own a majority of 75%.

KUALA LUMPUR: Malaysian palm oil futures closed higher for the third day in a row on Friday evening, supported by gains in related edible oils and ahead of U.S.-China trade talks at the G20 meeting on Saturday.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was up 0.6 percent at 2,040 ringgit ($487.80) a tonne at the end of the trading day.