World Commodities - Palm oil hits 5 month top.
| Author | Kazmi, S. Kamal Hayder |
| Position | Brief article |
Byline: S. Kamal Hayder Kazmi
Malaysian palm oil futures reversed earlier losses to rise to their highest in nearly five months on Wednesday evening, charting a fourth day of gains, on a weaker ringgit and tracking gains in US soyoil on the Chicago Board of Trade.
The market had earlier declined on overnight weakness in crude oil prices and profit booking by investors. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange...
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