Palm oil rises

Published December 25, 2014
— Reuters/File
— Reuters/File

KUALA LUMPUR: Malaysian palm oil futures rose to their highest in nearly a month on Wednesday as monsoon rains pounded the second-largest grower.

The benchmark March contract on the Bursa Malaysia Derivatives Exchange had edged up 0.5pc to 2,219 ringgit ($635) a tonne by Wednesday’s close. Total traded volume stood at 51,113 lots of 25 tonnes.

Published in Dawn, December 25th, 2014

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