Malaysian palm oil rises

KUALA LUMPUR: Malaysian palm oil futures ended higher on Monday, tracking soyaoil gains and a rebound in oil prices, while a forecast of heavy rains and thunderstorms in the country also aided prices.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange added 13 ringgit, or 0.48%, to 2,721 ringgit ($655.66) a tonne.

Malaysia's Meteorological Department issued a bad weather warning for several states in the world's second-largest palm producer, including key producing state Sabah that had been hit by floods, according to state media Bernama.