Palm oil rises, tracking gains in rival vegetable oils and crude

JAKARTA: Malaysian palm oil futures rose at the open on Thursday, tracking gains in rival vegetable oils at Dalian and Chicago markets, while firmer crude oil prices also provided support.

Palm oil climbs to near one-month peak as crude, Dalian oils gain

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange gained 89 ringgit, or 1.93%, to 4,711 ringgit ($1,152.96) a metric ton in early trade.