KUALA LUMPUR:Malaysian palm oil futures charted their strongest daily gains in a week on Wednesday, pulling out of earlier range trading thanks to losses in the ringgit and a recovery in U.S. soyoil on the Chicago Board of Trade.
The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was last up 0.6% at 2,253 ringgit ($537.71) per tonne at the close of trade, its strongest gain in a day since Aug. 22 and its sixth day of gains in seven.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!