Malaysian palm oil price hits 16-month high as rise in exports seen

SINGAPORE: Malaysian palm oil futures surged for a third straight session to hit a 16 month-high on Thursday, supported by expectations that exports in October could be higher than a month earlier.

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange closed 2.6% higher to 2,382 ringgit($569.45) per tonne.

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