KUALA LUMPUR: Malaysian palm oil futures advanced on Wednesday for a second straight session, hitting a two-week high, tracking a rally in rival edible oils underpinned by weather concerns.
Palm oil rises to two-week closing high on stronger crude, soyoil
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained 64 ringgit, or 1.87%, to 3,480 ringgit ($753.41) a metric ton during early trade, its highest since May 30.
Source: Brecorder