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Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,280
1124hr
Pakistan Cases
1,265,047
66324hr
1.66% positivity
Sindh
465,819
Punjab
437,974
Balochistan
33,128
Islamabad
106,469
KPK
176,886

KUALA LUMPUR: Malaysian palm oil futures climbed for a sixth day on Wednesday, hovering near a 10-year high as Brent crude oil and rival Dalian oil rose, underpinned by a forecast of a deep cut in December stockpile and production.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose 40 ringgit, or 1.07%, to 3,795 ringgit ($945.21) a tonne during early trade.

Malaysia's palm oil stocks likely fell 23% month-on-month to 1.21 million tonnes at end-Dec due to higher exports and declining output, CGS-CIMB Research said in a note.

The forecast was in line with a Reuters survey on Tuesday pegging December inventories to tumble 22% to their lowest in more than 13 years, with production seen falling for a third consecutive month.

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