The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was last up 0.3% at 2, 219 ringgit ($529.97) per tonne at the close of trade, charting a seventh straight day of gains. It earlier rose by 0.5% to 2, 223 ringgit, its strongest levels since April 9.
KUALA LUMPUR: Malaysian palm oil futures extended their rally late on Wednesday, hitting their highest in four and a half months, supported by expectations of stronger export data.
The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was last up 0.3% at 2, 219 ringgit ($529.97) per tonne at the close of trade, charting a seventh straight day of gains.
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