Palm climbs on stronger rival oils, crude oil

JAKARTA: Malaysian palm oil futures rose for a second session on Monday, underpinned by strength in Dalian palm oil, Chicago soyoil and crude oil prices, while a weaker ringgit also lent support.

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained 57 ringgit, or 1.28%, to 4,494 ringgit ($1,130.85) a metric ton by 0236 GMT.

The contract fell 1.89% last week in its third consecutive weekly drop.