KUALA LUMPUR: Malaysian palm oil futures were up over 1 percent on Wednesday evening, hitting their highest in more than a week on a rise in exports and tracking stronger related edible oils. "Soyoil on the Chicago Board of Trade and refined, bleached and deodorized palm oil on China's Dalian Commodity Exchange are up," said a Kuala Lumpur-based trader. Palm oil prices are also impacted by movements in other edible oils, as they compete for a share of the global vegetable oils market. The March soybean oil contract on the Chicago Board of Trade was up 0.3 percent, while the May soybean oil contract on the Dalian Commodity Exchange rose 0.7 percent. In other related edible oils, the Dalian January palm oil contract rose 1.1 percent.

Source: The Star December 27, 2017 10:52 UTC