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Palm rises to 3-week high, as Dalian rivals gain
JAKARTA: Malaysian palm oil futures rose to their highest in more than three weeks on Monday, tracking gains in edible oils on the Dalian exchange. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange gained 10 ringgit, or 0.21%, to 4,779 ringgit ($1,171.32) a metric ton by the midday break. The contract gained nearly 4% last week, a second consecutive gain. “Bursa Malaysia crude palm oil futures opened higher, tracking gains in Dalian RBD palm olein futures,” a Kuala Lumpur-based trader said, adding that upside potential may remain limited by Malaysi...
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