KUALA LUMPUR: Palm oil futures jumped more than 1 per cent on Wednesday as traders bet upcoming export data would overshoot forecasts.
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was up 1.2pc at 2,047 ringgit ($491) per tonne at the close. Cargo surveyors and an independent inspection company had over Saturday and Monday reported more than 15pc falls in exports for the June 1-15 period.
Published in Dawn, June 20th, 2019
