Palm oil rises more than 1pc.


Malaysian palm oil futures rose over one percent on Wednesday, supported by data pointing to slower than expected growth in production.

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange closed up 1.4percent at 2,208 ringgit ($528.86) per tonne, its biggest daily gain in a week. The contract rose to as high as 2,210 ringgit during the session. Palm oil production in Malaysia, the world's second largest producer, rose 15.1 percent in July to 1.74 million tonnes, the highest monthly output this year. It also marked the biggest...

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