Malaysian palm oil price climbs to over 3 month top on stronger related oils

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange rose 1.5% to 2,135 ringgit ($510.40) per tonne at the close of trade. It earlier rose as much as 1.9% to 2,144 ringgit, its highest since April 25.

KUALA LUMPUR: Malaysian palm oil futures extended gains for the fourth straight session to touch an over three-month high on Thursday evening, tracking gains related to edible oils and crude oil, while short covering activity also provided support

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange rose 1.5% to 2,135 ringgit ($510.40) per tonne at the close of trade.