Palm oil futures rise

Published October 19, 2012

KUALA LUMPUR, Oct 19: Malaysian palm oil futures rose on Friday, with market players confident of a recovery in demand thanks to strong Malaysian exports in the first half of the month and a major festival next month.At the close, the benchmark January contract on the Bursa Malaysia Derivatives Exchange rose 0.2 per cent to 2,501 ringgit ($820) per ton. Prices have lost more than 21 per cent so far since the start of the year.—Reuters