Palm oil rises on firmer rivals, higher Malaysian export estimates

16 Jul, 2024

KUALA LUMPUR: Malaysian palm oil futures rose on Tuesday, as stronger rival Dalian and Chicago contracts and higher export estimates underpinned the market.

Malaysian palm oil futures up

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange gained 48 ringgit or 1.24%, to 3,922 ringgit ($838.57) a metric ton by 0247 GMT.

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