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JAKARTA: Malaysian palm oil futures opened higher on Monday, tracking gains in rival Dalian oils and helped by a softer ringgit.
The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange rose 27 ringgit, or 0.73%, to 3,708 ringgit ($791.80) a metric ton in early trade.
Palm oil hits three-month closing low
The benchmark declined 2.75% last week.