Palm rises over 1% on bargain buying but still heads for weekly loss
KUALA LUMPUR: Malaysian palm oil futures rose more than 1% on Friday, on bargain buying and gains in Dalian palm olein and Chicago soyoil, though they were still poised for a first weekly loss in four weeks. The benchmark palm oil contract for January deliver...
KUALA LUMPUR: Malaysian palm oil futures rose more than 1% on Friday, on bargain buying and gains in Dalian palm olein and Chicago soyoil, though they were still poised for a first weekly loss in four weeks. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange gained 53 ringgit, or 1.15%, to 4,669 ringgit ($1,150.85) a metric ton by the midday break. The contract has declin...