KUALA LUMPUR: Malaysian palm oil futures rose for a fifth straight session on Wednesday to hit their highest in nearly two weeks, as gains in broader markets supported investor sentiment despite forecasts of ballooning inventories.
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The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 117 ringgit, or 3.24%, to 3,731 ringgit ($804.62) in early trade, hitting their highest since Sept. 23.
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