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Palm oil extends gains, tracking Dalian and Chicago oils higher

  • Palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was up 39 ringgit, or 0.84%, at 4,685 ringgit
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Photo: Reuters
Photo: Reuters
By Reuters
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JAKARTA: Malaysian palm oil futures rose for a second session on Monday, supported by stronger Dalian and Chicago edible oils, and hit their highest in more than two weeks.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was up 39 ringgit, or 0.84%, at 4,685 ringgit ($1,129.46) a metric ton by 0250 GMT.

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