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NEWS ADMIN

DATE

04/04/2019

NEWS PROVIDER

Nur Aisha Abd. Wahab

NEWS SOURCE

DAWN

CATEGORY

HEADLINE

Palm oil hits 2-week high

DAWN (04/04/2019) - KUALA LUMPUR: Malaysian palm oil futures rose to a two-week high during trade on Wednesday, posting a third straight day of gains, on expectations of easing stockpiles and tracking strength in soyoil on the US Chicago Board of Trade (CBOT).

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was up 1 per cent at 2,175 ringgit ($533.48) a tonne at the end of the trading day.

It earlier rose as much as 1.3pc to 2,182 ­ringgit, its highest since March 21.

Read more at https://www.dawn.com/news/1473834/palm-oil-hits-2-week-high