Palm futures opens higher on stronger rival oils
Malaysian palm oil futures rose on Wednesday as trading resumed after a two-day public holiday, supported by stronger rival edible oils.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange gained 92 ringgit, or 2.08%, to 4,511 ringgit ($1,014.62) a metric ton in early trade.
The contract has risen for three consecutive sessions.
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