KUALA LUMPUR: Malaysian palm oil futures ended the trading day higher on Tuesday evening, after earlier striking a 5-week high following overnight gains in soyoil on the Chicago Board of Trade (CBOT).

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was up 0.1 per cent at 2,244 ringgit ($540.53) a tonne at the close of trade, after rising to its highest since Sept 12 at 2,257 ringgit earlier in the session. Trading volumes stood at 41,457 lots of 25 tonnes each at the end of the trading day.

Published in Dawn, October 17th, 2018