KUALA LUMPUR: Malaysian palm oil futures rose to a seven-week high in trade on Wednesday evening, extending gains into a fourth session, on support from a weaker ringgit.
Weakness in the ringgit, palm's currency of trade, usually makes the tropical oil cheaper for foreign buyers. The Malaysian currency fell 0.2 percent against the dollar to 3.9150 on Wednesday evening, after hitting to its weakest in two weeks earlier in the day.
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