KUALA LUMPUR: Malaysian palm oil futures edged higher on Thursday evening to snap four sessions of declines on a technical correction and support from a strong demand outlook.
The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was 0.3 per cent higher at 2,243 ringgit ($541.40) a tonne at the close of trade, after hitting a two-week low in the previous session. Trading volumes stood at 27,168 lots of 25 tonnes each at the end of the trading day.
Published in Dawn, September 14th, 2018
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