Palm oil futures climb toward 2-year high on petroleum, soyoil

Palm oil futures, which surged to a two-year high last week, are up almost 35% from their lowest level in four years in July. Prices are generally supported by lower reserves, weaker output and biodiesel demand

NEW DELHI: Palm oil futures advanced to trade near a two-year high, with firmer petroleum prices and a rise in rival soybean oil supporting the market.

CPO for third month delivery rose to a high of RM2,636 per tonne on Monday.