Malaysian palm oil rises on strong us soyoil, weak ringgit.
Byline: S. Kamal Hayder Kazmi
Malaysian palm oil futures rose 1pc in first-half trade on Wednesday, tracking gains in US soyoil on the Chicago Board of Trade and supported by a weaker ringgit.
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was last up 1pc at 2,087 ringgit ($497.62) per tonne, heading for a third straight session of gains. Earlier in the session, it climbed as much as 1.3pc to 2,093 ringgit, its strongest level since May 21. Palm...
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