Markets
Palm extends rise to fifth day on biodiesel boost, firmer Dalian, crude
- The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange gained 41 ringgit, or 0.85%, to 4,869 ringgit a metric ton
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KUALA LUMPUR: Malaysian palm oil futures extended gains to a fifth straight session on Wednesday, supported by firmer Dalian oils, higher crude oil and expectations that Indonesia will raise its biodiesel blending mandate later this year.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange gained 41 ringgit, or 0.85%, to 4,869 ringgit a metric ton in early trade.
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