Palm rises on higher rival soyoil, crude oil
Malaysian palm oil futures jumped on Monday, extending gains for three straight sessions, tracking rival soyoil at Chicago and Dalian markets, and pulled up by crude oil’s rally amid geopolitical tensions.
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 127 ringgit, or 3.24%, to 4,049 ringgit ($954.05) a metric ton by 0231 GMT.
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