The palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose as much as 0.82 percent to 2,568 ringgit a tonne, its highest since May 19, 2014, before settling down 0.6 percent 2,531 ringgit ($610.62) per tonne. Traded volume stood at 48,968 lots of 25 tonnes each.
MUMBAI: Malaysian palm oil futures extended gains on Tuesday on a drop in the ringgit and hopes that top producing countries will now use more tropical oil for biodiesel production.
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