KUALA LUMPUR: Malaysian palm oil futures rose to a two-week high during trade on Wednesday, posting a third straight day of gains, on expectations of easing stockpiles and tracking strength in soyoil on the US Chicago Board of Trade (CBOT).
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was up 1 per cent at 2,175 ringgit ($533.48) a tonne at the end of the trading day.
It earlier rose as much as 1.3pc to 2,182 ringgit, its highest since March 21.
Published in Dawn, April 4th, 2019
