Malaysian palm oil price soars to 6-month high tracking buoyant Dalian futures

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 0.3% at 2,269 ringgit ($541.53) per tonne at the close, its highest since six months ago.

KUALA LUMPUR: Malaysian palm oil futures rose on Monday, posting a fifth straight session of gains, as they tracked a rally in rival oils on the Dalian Commodity Exchange.

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 0.3% at 2,269 ringgit ($541.53) per tonne at the close, its highest since six months ago.