Energy Markets
US Report: Palm oil jumps on rival oil that is stronger
Malaysian palm futures rose by more than 2% in the past 24 hours, following gains made by rival edible oils. A positive U.S. report about world agricultural demand and supply estimates also helped. By midday, the benchmark contract for palm oil delivery in April on the Bursa Derivatives exchange had risen 102 ringgit or 2.22% to 4,695 Ringgit ($1,051.28) per metric ton. The Malaysian market was closed for a holiday on Tuesday. A Kuala Lumpur based trader reported that the Crude Palm Oil Futures were lifted due to a stronger oilseeds rival market and a positive World Agricultural Supply and...