Energy Markets
Palm prices rise on the back of better exports
Malaysian palm futures were up on Thursday as traders anticipated robust export demand to key destinations. They also awaited demand and supply statistics from the Malaysian Palm Oil Board for additional cues. At the midday break, the benchmark palm oil contract on Bursa Derivatives Exchange for November delivery gained 38 ringgit or 0.86% to 4,480 Ringgit ($1,065.40), a metric tonne. The contract dropped 0.76% during the previous session. The Malaysian stock exchange will be closed Friday due to a public holiday. The price of crude palm oil futures rose as traders expect the demand for exports to remain strong in...