KUALA LUMPUR, May 31: Malaysian crude palm futures ended 3.2 per cent higher on Thursday, buoyed by rising soybean oil prices and steady growth in exports. The benchmark August contract finished up 81 ringgit, or 3.2 per cent, at 2,581 ringgit ($760) a ton, just 9 ringgit shy of record high of 2,590 ringgit reached on Tuesday. Malaysian palm oil usually tracks the US soyaoil market because both commodities are used in products ranging from bread and lipstick to biodiesel.—Reuters
