Palm rises on stronger crude oil, Chicago soyoil and weaker ringgit

Malaysian palm oil futures rose on Wednesday, supported by firmer crude oil prices, stronger Chicago soyoil and a weaker ringgit.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was up 69 ringgit, or 1.72%, at 4,075 ringgit ($978.63) a metric ton as of 0237 GMT. The contract rose 1.8% in overnight trade.

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Tags: Malaysia, palm oil, futures, benchmark contract, soyoil