Markets

Palm rebounds on firmer rival oils, crude

  • Palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange gained 31 ringgit, or 0.67%, to 4,660 ringgit ($1,137.70) a metric ton
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KUALA LUMPUR: Malaysian palm oil futures rebounded on Tuesday after declining for two sessions, supported by gains in rival edible oils and crude oil prices.

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange gained 31 ringgit, or 0.67%, to 4,660 ringgit ($1,137.70) a metric ton in early trade.