File pic: Godrej International Ltd.
KUALA LUMPUR: Malaysian palm oil futures extended gains to a more than four-month high on Tuesday evening, supported by bullish price forecasts at an industry conference over the weekend and strength in U.S. soyoil.
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose as much as 1.9 percent to 2,269 ringgit ($549.39) a tonne, its strongest since Sept. 7.
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