JAKARTA: Malaysian palm oil futures traded in a tight range on Tuesday, after two straight sessions of gains, supported by gains in rival edible oils in the Dalian and Chicago markets and rising crude prices, while weak exports data limited the upside.
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange added 4 ringgit or 0.1% to 4,151 ringgit ($1,057.58) a metric ton by 0250 GMT. The contract traded between 4,131 and 4,166 ringgit in early deals.
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