KUALA LUMPUR: Malaysian palm oil futures opened at their highest in nearly seven months on Monday, notching up a sixth session of gains in seven, supported by strength in related edible oils.
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange opened 1.7 percent higher at 2,333 ringgit. It was last up 1.4 percent at 2,327 ringgit ($566.46) a tonne at the end of the trading day, its strongest daily gains since Jan. 22.
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