Palm Oil Gains as Exports From Malaysia Climb on Ramadan Demand
This article is for subscribers only.
Palm oil advanced for the first time in four days as exports from Malaysia, the second-largest producer, rose ahead of the Muslim fasting month of Ramadan.
The contract for September delivery climbed 0.3 percent to close at 2,412 ringgit ($757) a metric ton on the Bursa Malaysia Derivatives. Palm for local physical delivery in July was at 2,410 ringgit, data compiled by Bloomberg show.