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Palm rises on higher rival soyoil, crude oil

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Photo: Reuters
Photo: Reuters
By Reuters
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JAKARTA: Malaysian palm oil futures jumped on Monday, extending gains for three straight sessions, tracking rival soyoil at Chicago and Dalian markets, and pulled up by crude oil’s rally amid geopolitical tensions.

Palm oil ends with a five-week streak of gains

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 127 ringgit, or 3.24%, to 4,049 ringgit ($954.05) a metric ton by 0231 GMT.

Palm Oil

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