Malaysian palm oil price oil tracks US soy prices, up 2.8%

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange closed 2.8% higher at 2,790 ringgit (US$672.78)

SINGAPORE: Malaysian palm oil futures rose 2.8% on Thursday on bargain buying and overnight rally in soy prices on the Chicago Board of Trade (CBOT).

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange closed 2.8% higher at 2,790 ringgit (US$672.78).