The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed 6.2% higher at 3, 583 ringgit ($870.72) a tonne, after hitting a more than four- month low on Monday.
SINGAPORE/ JAKARTA: Malaysian palm oil futures jumped more than 6% on Tuesday, snapping a six-days lossing streak, supported by bargain buying and stronger soyoil prices on the Chicago Board of Trade (CBOT).
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed 6.2% higher at 3, 583 ringgit ($870.72) a tonne, after hitting a more than four- month low on Monday.
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