Palm rises for second session on strong rival oils, crude prices

KUALA LUMPUR: Malaysian palm oil futures inched higher on Tuesday, rising for a second session, as stronger rival edible oils and crude oil prices lifted the market.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 26 ringgit, or 0.57%, to 4,576 ringgit ($1,122.39) a metric ton in early trade.