Malaysian palm oil futures slipped on Monday as a stronger ringgit and expectations for higher production offset data showing an increase in export shipments.
KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday tracking crude oil gains, but traders said the higher prices were not sustainable due to expectations of strong production numbers for October.
On the Bursa Malaysia Derivatives Exchange the benchmark palm oil contract for January delivery closed up 0.8 percent at 2,837 ringgit ($670.69) a tonne.
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