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Markets

Palm open higher on firmer rival Dalian, crude oil

  • Palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 29 ringgit, or 0.59%, at 4,958 ringgit
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KUALA LUMPUR: Malaysian palm oil futures rose on Monday for a second straight session, driven by firmer rival Dalian oils and crude oil prices.

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 29 ringgit, or 0.59%, at 4,958 ringgit ($1,225.71) a metric ton in early trade.

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