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Palm rangebound on firmer Dalian soyoil; weak crude, olein weighs

  • Palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 15 ringgit, or 0.31%, to 4,913 ringgit a metric ton
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Photo: Reuters
Photo: Reuters
By Reuters

KUALA LUMPUR: Malaysian palm oil futures were rangebound on Monday, as firmer Dalian soyoil supported the market while weaker palm olein and crude oil prices weighed.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 15 ringgit, or 0.31%, to 4,913 ringgit ($1,205.64) a metric ton in early trade.

The contract fell 0.77% in the last session.

palm oil prices

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