Palm rises tracking Dalian contract, weaker ringgit
Malaysian palm oil futures snapped two straight sessions of losses and rose on Wednesday, tracking strength in Dalian’s palm oil, higher June export numbers and a weaker ringgit.
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 31 ringgit, or 0.78%, to 3,999 ringgit ($948.75) a metric ton in the early trade.
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