Malaysian palm oil price snaps losing streak on stronger exports, soyoil

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 1% at 2,177 ringgit ($520.69) per tonne at the close of trade. It earlier rose as much as 1.7% to an intraday high of 2,192 ringgit.

KUALA LUMPUR: Malaysian palm oil futures rose nearly 2% in the second half of Tuesday's trading session, supported by gains in soyoil on the U.S. Chicago Board of Trade and stronger export data from cargo surveyors.

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 1% at 2,177 ringgit ($520.69) per tonne at the close of trade.