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.
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