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Palm oil rises on Dalian’s strength, crude

  • The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange rose 23 ringgit, or 0.57%, to 4,086 ringgit
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By Reuters
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JAKARTA: Malaysian palm oil futures rose on Thursday, snapping the previous session’s losses, supported by gains in edible oils on the Dalian Commodity Exchange and stronger crude oil prices.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange rose 23 ringgit, or 0.57%, to 4,086 ringgit ($995.61) a metric ton by 0231 GMT.

Palm Oil

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