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Malaysian palm oil price rises to near 3-week top as output gains ease


  • Palm Oil
  • Wednesday, 9 Jan 2019

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange gained 1.2 percent to 2,186 ringgit ($532.00) a tonne by the midday break. It earlier rose as much as 1.4 percent to 2,190 ringgit, its highest since Dec. 20.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange gained 1.2 percent to 2,186 ringgit ($532.00) a tonne by the midday break. It earlier rose as much as 1.4 percent to 2,190 ringgit, its highest since Dec. 20.

KUALA LUMPUR: Malaysian palm oil futures rose over 1 percent in early trade on Tuesday, hitting their highest in nearly three weeks, amid slowing production gains.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange gained 1.2 percent to 2,186 ringgit ($532.00) a tonne by the midday break. It earlier rose as much as 1.4 percent to 2,190 ringgit, its highest since Dec. 20.

Palm Oil , Markets , Plantations , Corporate News

   

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