Malaysian palm oil price hits 1-week top in 3rd straight day of gains
The benchmark palm oil contract for April deliveryon the Bursa Malaysia Derivatives Exchange rose 1.1 percent to2,521 ringgit ($644.59) a tonne at the end of the trading day. It rose earlier to an intraday high of 2,526 ringgit, itsstrongest since Jan. 16.
KUALA LUMPUR: Malaysian palm oil futures over 1 percent in their second half of trading on, charting a third consecutive session of gains, asbullish sentiment on declining production lifted the market.
The benchmark palm oil contract for April deliveryon the Bursa Malaysia Derivatives Exchange rose 1.1 percent to2,521 ringgit ($644.59) a tonne at the end of the trading day.
It rose earlier to an intraday high of 2,526 ringgit, itsstrongest since Jan. 16.
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