KUALA LUMPUR: Palm oil futures extended gains into a second session on Wednesday despite some profit taking, as a weaker ringgit supported prices.

The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange closed to trade at 0.9 per cent higher to 2,771 ringgit ($664.51) a tonne. Palm prices have risen steeply over the past two months to trade at two-year highs.

Published in Dawn, December 5th, 2019