KUALA LUMPUR: Malaysian palm oil futures rose on Monday, helped by improving export demand and strong commodity prices due to tight supplies, traders said.

Benchmark palm oil futures for April delivery on the Bursa Malaysia Derivatives Exchange rose 0.9 per cent to 3,110 ringgit ($696.68) a tonne at the end of the trading session. Traded volumes stood at 45,059 lots of 25 tonnes each.

Palm was down in the morning, but recovered on good export figures, a weaker ringgit and strong prices for rival oils on China’s Dalian Commodity Exchange, said a Kuala Lumpur based trader.

Published in Dawn, January 17th, 2017