Palm extends gains on stronger rival edible oils

JAKARTA: Malaysian palm oil futures climbed for a second straight session on Tuesday, underpinned by strength in rival edible oils in the Chicago and Dalian markets, while higher crude oil prices also lent support.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 41 ringgit, or 0.9%, to 4,574 ringgit ($1,121.63) a metric ton in early trade.