CPO futures climb to highest in eight month on China demand outlook

Futures in Kuala Lumpur rose for a second day, adding as much as 0.9% to 2,918 ringgit a ton, to trade at the highest since Jan. 23.

KUALA LUMPUR: Palm oil futures are trading at the highest in almost eight months amid expectations of higher demand from major buyer China.

Futures in Kuala Lumpur rose for a second day, adding as much as 0.9% to 2,918 ringgit a ton, to trade at the highest since Jan. 23. Prices are up 3.8% so far this week.