Malaysian palm oil price rises to 1-month peak on expectations of lower stocks

Malaysian palm oil futures fell to their lowest in nearly three years on Friday evening in a fourth session of losses, tracking declines in related edible oils.

KUALA LUMPUR: Malaysian palm oil futures hit a one-month high on Thursday, supported by expectations of better exports demand and lower stocks.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was up 1.3 percent at 2,204 ringgit ($540.06) a tonne at the close of trade in its fourth straight session of gains.