KUALA LUMPUR: Palm oil futures edged up in early trade on Monday supported by weakness in the ringgit, its currency of trade, and as traders were bullish about prospects of improving demand.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Deriva­tives Exchange rose 0.4 per cent to 2,425 ringgit ($620.05) a tonne at the midday break, after falling to a one-week low of 2,407 ringgit earlier in the session. Trad­ing volumes stood at 22,858 lots of 25 tonnes each at noon on Monday.

Published in Dawn, March 20th, 2018