Palm oil futures rise on firmer crude oil
Palm oil futures closed higher, rebounding on firmer crude, gains in Dalian vegetable oils and expectations of stronger India demand, a trader said.
Palm oil futures finished higher, recovering as crude oil strengthened, Dalian vegetable oils advanced and demand from India is expected to improve, according to David Ng, a trader at Kuala Lumpur-based Iceberg X. Ng said crude palm oil futures should find support at 4,500 ringgit a ton and meet resistance…