KUALA LUMPUR: Malaysian palm oil futures jumped more than 2 per cent on Thursday, supported by overnight gains in US soyoil on the Chicago Board of Trade (CBOT).

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed up 2.1pc at 2,009 ringgit ($482.35) per tonne.

Although the contract reversed Wednesday’s 1.9pc fall, it is still on track to post a weekly loss.

Published in Dawn, June 14th, 2019