KUALA LUMPUR: Malaysian palm oil rose for a second day on Wednesday, recouping some of its recent losses, but traders were wary and questioned how far the recovery could go since demand remained weak.
By the Wednesday’s close, the benchmark April contract had gained 1.47 per cent to 2,207 ringgit ($610) per tonne, after opening lower at 2,164 ringgit.
Traded volume stood at 55,607 lots of 25 tonnes, well above the typical 35,000 lots.
Published in Dawn, January 29th, 2015
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