MUMBAI: Malaysian palm oil futures jumped on Monday morning after losing 4.4% last week, as hopes grew that biodiesel demand would increase following a rally in crude oil prices.

Malaysian palm oil futures lower

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange rose 48 ringgit, or 1.33%, to 3,648 ringgit($772.88) per metric ton in early trade.