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Palm tracks rival Dalian oils, crude prices higher

  • The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange gained 92 ringgit, or 2.04%, to 4,591 ringgit a metric ton
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By Reuters
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JAKARTA: Malaysian palm oil futures rose for a second straight session on Thursday, supported by stronger rival edible oils at the Dalian market, a softer ringgit and rising crude oil prices.

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange gained 92 ringgit, or 2.04%, to 4,591 ringgit ($1,169.38) a metric ton by 0231 GMT.

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