SINGAPORE/JAKARTA: Malaysian palm oil futures rose 1.69% on Tuesday after six days of consecutive losses, supported by bargain buying, although the gains were capped by cheaper rival oils.
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange rose 1.69% to 3, 432 ringgit ($834.22) a tonne by midday Tuesday. The contract dropped 7.8% to its lowest in more than four months on Monday.
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