Malaysian palm oil price gains on weaker ringgit


Asian share markets faced a testing time on Monday after Wall Street suffered its worst starting week in history and doubts over Beijing's policy choices sent investors into the arms of the safe-haven yen and sovereign bonds.

KUALA LUMPUR: Malaysian palm oil futures reversed course to rise for a second straight day in the evening, as the ringgit weakened and as palm tracked improving competing oils.

    The palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange rose 0.9 percent to close at an intraday high of 2,773 ringgit ($711) per tonne. Traded volumes were 32,409 lots of 25 tonnes each, lower than a 2015 daily average of 44,600 lots.

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