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Palm Oil Futures Advance for Fourth Day to Highest Price Since July 2008

Palm oil futures in Malaysia advanced for a fourth day. The contract for February delivery gained as much as 1.6 percent to 3,540 ringgit ($1,125) a metric ton, the highest price for a most-active contract since July 2008. It traded at 3,524 ringgit at 10:37 a.m. local time.

To contact the reporter on this story: Luzi Ann Javier in Singapore at ljavier@bloomberg.net

To contact the editor responsible for this story: Matthew Oakley at moakley@bloomberg.net

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