KUALA LUMPUR: Malaysian palm oil futures jumped by nearly 3 percent on Tuesday, recovering from a more than five-month low in the previous trading session, tracking gains in related edible oils.
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 2.8 percent to 2,040 ringgit ($491.92) a tonne by the close for its strongest daily gain in two months. It had earlier risen as much as 2.9 percent to 2,042 ringgit.
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