KUALA LUMPUR: Malaysian palm oil futures rose for a second session on Tuesday, tracking strength in rival edible oils and buoyed by a weaker ringgit and expectation of lower output in the world’s second-biggest producer.
Palm oil closes higher on output concerns
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose 30 ringgit, or 0.79%, to 3,832 ringgit ($805.38) in early trade.
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