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Palm oil gains for second straight session on crude prices
JAKARTA: Malaysian palm oil futures gained 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 33 ringgit, or 0.68%, at 4,883 ringgit ($1,196.08) a metric ton at close. Malaysia’s financial markets will be closed on Wednesday for a public holiday. Trading will resume on Thursday, September 17. “BMD CPO futures were seen trading higher today following gains in energy prices,” said Anilkumar Bagani, research head at the Mumbai-based vegetable oil broke...
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