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Malaysian palm oil futures rise for fifth day on rival oils strength

  • The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange gained 36 ringgit
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Photo: Reuters
Photo: Reuters
By Reuters
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KUALA LUMPUR: Malaysian palm oil futures inched higher for a fifth consecutive session on Wednesday, supported by stronger rival oils though weaker crude oil prices weighed on the market.

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange gained 36 ringgit, or 0.86%, to 4,245 ringgit ($1,023.14) a metric ton in early trade.

Palm Oil

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