Palm extends gains after raising of biodiesel mix

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange gained RM20 or 0.51%, to RM3,775.

NEW DELHI: Malaysian palm oil futures rose yesterday, a day after Brazil decided to raise its mandatory biodiesel mix into diesel.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange gained RM20 or 0.51%, to RM3,775. It had risen 0.3% on Tuesday.