Markets
Palm rebounds on firmer crude, soyoil; weak Dalian olein caps gains
- Palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 20 ringgit, or 0.41%, to 4,877 ringgit ($1,197.10) a metric ton
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KUALA LUMPUR: Malaysian palm oil futures rebounded on Tuesday after two straight sessions of losses, supported by firmer crude oil and soyoil prices, though weaker Dalian palm olein capped the advance.
The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 20 ringgit, or 0.41%, to 4,877 ringgit ($1,197.10) a metric ton in early trade.