KUALA LUMPUR: Malaysian palm oil futures surged nearly 2 percent on Tuesday evening, tracking gains in related edible oils and on prospects of reduced stockpiles because of higher exports.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was up 1.9 percent at 2,153 ringgit ($527.31) a tonne at the close of trade, its highest for a week.
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