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Malaysian palm oil futures rose over 1 percent before paring gains. The March contract on Bursa Malaysia hit a one-month high of 2,615 ringgit per tonne before settling 0.35 percent higher at 2,594 ringgit.
Expectations of stronger exports and falling production support palm oil prices. Routine price moves without a major new shock suggest limited upside.
thestar.com.myThe Star OnlineJan 5, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Futures hit a one-month high on Jan 5 on strong export prospects, confirming upward price momentum during the window.
