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Palm rises 1% on strong demand, olein; high stocks caps gains
KUALA LUMPUR: Malaysian palm oil futures climbed 1% on Monday, rebounding from the previous session’s losses, as firmer Dalian palm olein prices and strong export data lent support, though record-high September stockpiles capped gains. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 46 ringgit, or 1%, to 4,638 ringgit ($1,136.49) a metric ton at the close. The contract fell 1.48% in the previous session. Crude palm oil prices traded higher, supported by strength in Dalian palm olein, but upside potential is capped by expectations of highe...
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