KUALA LUMPUR: Palm oil futures rose from a one-week low hit early on Monday, lifted by prospects of better export demand to end the trading day up 0.4 per cent.
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was up 0.4pc at 2,515 ringgit ($646.70) a tonne at the close of trade, its second consecutive session of gains. It earlier fell to 2,485 ringgit, its lowest level since Feb 9. Palm had hit a near one-month high last Monday, but was down 0.2pc on a weekly basis last week. Trading volumes stood at 28,608 lots of 25 tonnes each on Monday evening.
Published in Dawn, February 20th, 2018
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