Malaysian palm oil price rises, may gain further into 2,056-2,074 rgt/T range

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange rose 0.32 percent to 2,188 ringgit ($528.50) per tonne by the midday break. Palm oil posted a combined 1.8 percent gain in the previous two sessions, after hitting a three-year low last week.

KUALA LUMPUR: Malaysian palm oil futures rose on Thursday, helped by steady crude oil prices and a broad improvement in global market sentiment.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was up 0.7 percent at 2,046 ringgit ($489.71) a tonne at the close of trade.