Palm rises on stronger rival edible oils, crude

JAKARTA: Malaysian palm oil futures opened higher on Monday, underpinned by gains in rival edible oils and crude oil prices, although a firmer ringgit capped the advance.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange gained 5 ringgit, or 0.12%, to 4,180 ringgit ($1,053.96) a metric ton in early trade.