KUALA LUMPUR: Malaysian palm oil futures hit one-week highs on Wednesday, supported by technical buying and expectations of a slight rise in end-September inventory levels. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was up 1.2 percent at 2,715 ringgit ($642.45) a tonne at the close of trade, charting a second straight gain after four consecutive losing sessions
KUALA LUMPUR: Malaysian palm oil futures hit one-week highs on Wednesday, supported by technical buying and expectations of a slight rise in end-September inventory levels.
The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was up 1.2 percent at 2,715 ringgit ($642.45) a tonne at the close of trade, charting a second straight gain after four consecutive losing sessions.
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