JAKARTA: Malaysian palm oil futures rose on Wednesday extending gains from the previous session, supported by strength in rival Dalian and Chicago soyoil prices.

Palm oil futures closes 2.71% higher on soyoil strength

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange rose 45 ringgit, or 1.15%, to 3,949 ringgit ($846.88) a metric ton in the morning trade.