Palm oil gains on Dalian strength, production worries

02 Jul, 2024

JAKARTA: Malaysian palm oil futures rose for a fifth consecutive session on Tuesday, underpinned by concerns about weak production and tracking gains in the Dalian market.

Malaysian palm oil futures rise

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 56 ringgit, or 1.41%, to 4,035 ringgit ($855.42) a metric ton in early trade.

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