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Palm snaps six-session losing streak on firmer Chicago soyoil
KUALA LUMPUR: Malaysian palm oil futures rebounded on Monday, snapping a six-session losing streak on firmer Chicago soyoil, while traders also awaited fresh Malaysian Palm Oil Board data. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 43 ringgit, or 0.95%, to 4,578 ringgit ($1,120.69) per metric ton at the close. Traders awaited MPOB’s demand and supply data, while stronger Chicago soyoil futures supported the market, said Anilkumar Bagani, research head at Mumbai-based vegetable oil broker Sunvin Group. Oil prices inched higher in vola...
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