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Palm opens higher on stronger rival edible oils, crude oil prices

  • The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange gained 30 ringgit, or 0.74%, to 4,097 ringgit
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Photo: Reuters
Photo: Reuters
By Reuters

KUALA LUMPUR: Malaysian palm oil futures rose on Tuesday, after falling in the previous session, buoyed by stronger rival edible oils and crude oil prices, while traders await export data for further cues.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange gained 30 ringgit, or 0.74%, to 4,097 ringgit ($1,011.60) a metric ton in early trade.

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