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Palm oil rises for second straight session on crude strength
JAKARTA: Malaysian palm oil futures rose for a second straight session on Tuesday, following crude oil prices that continued to climb. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 46 ringgit, or 0.95%, at 4,896 ringgit ($1,200.59) a metric ton by the midday break. “BMD CPO futures were seen trading higher today following gains in energy prices,” said Anilkumar Bagani, research head at the Mumbai-based vegetable oil broker Sunvin Group. He added that additional support came from expectations of tightness next year due to Indonesia’s B50...
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