KUALA LUMPUR: Malaysian palm oil futures recorded a fourth session of gains in five on Thursday, supported by expectations of lower output and better than forecast export demand.
It had dropped in the previous session after three days of gains. Benchmark palm oil futures for December rose 1.8 per cent to 2,725 ringgit ($664) a tonne at the close on the Bursa Malaysia Derivatives Exchange.
It had earlier registered an intraday high of 2,729 ringgit, its highest since April 21. Traded volumes stood at 47,614 lots of 25 tonnes each, exceeding the 2015 average of 44,600.
Published in Dawn, September 23rd, 2016
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