The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was last up 0.6% at 2,234 ringgit per tonne, gaining 7.9% for the month in its strongest monthly performance since January. The market had earlier fallen to 2,201 ringgit, its lowest since Aug. 22
KUALA LUMPUR: Malaysian palm oil futures rebounded from a one-week low in the second half of trade on Friday, supported by expectations of better export data scheduled for release on Aug. 31 and Sept. 3 by cargo surveyors.
The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was last up 0.6% at 2,234 ringgit per tonne, gaining 7.9% for the month in its strongest monthly performance since January.
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