The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange closed up 1.4% at 2,208 ringgit ($528.86) per tonne, its biggest daily gain in a week. The contract rose to as high as 2,210 ringgit during the session.
KUALA LUMPUR: Malaysian palm oil futures rose over 1% on Wednesday, supported by data pointing to slower than expected growth in production.
The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange closed up 1.4% at 2,208 ringgit ($528.86) per tonne, its biggest daily gain in a week.
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