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Palm oil gains as crude prices climb higher
JAKARTA: [Malaysian palm oil futures](https://palm oil) rose on Monday, supported by higher crude oil prices, with rival soy oil prices in the Chicago market also providing support. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 62 ringgit, or 1.29%, at 4,876 ringgit ($1,198.03) a metric ton by the midday break “Today’s FCPO is holding firm on the back of strong crude oil with anticipation of better demand for bio-diesel usage in the future,” a Kuala Lumpur-based trader said. Oil prices rose more than 3% on Monday, after new Houthi strik...
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