Malaysian palm oil futures rise nearly 2% on India demand hopes
Malaysia’s benchmark palm oil futures rose nearly 2% after two straight losses, supported by expectations of higher Indian purchases, stronger crude oil, and firmer rival Dalian oils.
Malaysian palm oil futures rose nearly 2% on Thursday, reversing two straight sessions of declines, as expectations of higher Indian buying, firmer crude oil prices and stronger rival Dalian oils lifted sentiment. The benchmark palm oil contract (FCPOc3) for December delivery on the Bursa Malaysia Derivati…