Palm oil extends gains as output worries ease.
Byline: S. Kamal Hayder Kazmi
Malaysian palm oil futures rose in first-half trade on Thursday, extending gains to their highest in more than two weeks, as easing concerns about high output and expectations of better export demand buoyed investor sentiment.
The benchmark third-month palm oil contract on the Bursa Malaysia Derivatives Exchange was up 0.8 percent at 2,182 ringgit ($537.70) a tonne at the midday break, its highest since March 4. It was headed for a fifth straight sessions of gains.
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