KUALA LUMPUR: Malaysian palm oil futures saw a second day of gains on Wednesday due to tight supplies and expectations of stronger export data.
Benchmark palm oil futures for November on the Bursa Malaysia Derivatives Exchange rose 0.9 per cent to 2,600 ringgit ($644) per tonne at the end of the trading day.
It had climbed to 2,623 ringgit, its highest since August 19. Traded volumes stood at 38,035 lots of 25 tonnes each in the evening, below the 2015 average of 44,600.
Published in Dawn, August 25th, 2016
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