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By Dewi KurniawatiMalaysian palm oil futures rose on Monday, supported by higher crude oil prices, with rival soy oil prices in the Chicago market also providing support.The benchmark palm oil contract (FCPOc3) for November delivery on the Bursa Malaysia Derivatives Exchange was up 62 ringgit, or 1…
Malaysian palm oil futures rose near 2% to near MYR 4,900/tonne, a one-week high. Moves were supported by firmer edible oils, a weaker ringgit, and stronger crude, tempered by weaker exports and higher inventories.
Malaysian palm oil futures extend gains, trading around MYR 4,920 per tonne and near the highest level since early April, supported by firmer Dalian edible oils and higher crude amid Middle East attacks.
Malaysian palm oil futures extend gains around MYR 4,725 per tonne and are set for a second straight weekly advance, with export shipment estimates and stronger India import demand cited as support.