Palm rises following gains in Dalian palm oil contract

Malaysian palm oil futures opened higher for the third straight session on Wednesday, supported by gains in the palm oil contract on the Dalian Commodity Exchange.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange rose 49 ringgit, or 1.14%, to 4,361 ringgit ($918.11) a metric ton, during morning trade.

Tags: Malaysia, palm oil, futures, benchmark contract