palm oil aerial
KUALA LUMPUR: Malaysian palm oil futures rose on Monday, tracking higher edible oil prices and a weaker ringgit, but demand concerns capped gains as top buyer India has imposed a national lockdown due to the coronavirus pandemic.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange climbed 42 ringgit, or 1.77%, to 2,420 ringgit (US$555.94) per tonne during early trade, gaining for a second straight session.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
