Palm oil rises on Dalian’s strength, crude
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Malaysian palm oil futures rebounded, rising 23 ringgit (0.57%) to 4,086 ringgit ($995.61) per ton for February delivery, supported by gains in edible oils on the Dalian Commodity Exchange and stronger crude oil prices, reversing losses from the previous session.
JAKARTA: Malaysian palm oil futures rose on Thursday, snapping the previous session’s losses, supported by gains in edible oils on the Dalian Commodity Exchange and stronger crude oil prices.
The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange rose 23 ringgit, or 0.57%, to 4,086 ringgit ($995.61) a metric ton by 0231 GMT.
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Source : Business Recorder
