The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange shot up 1.56 percent to 2,873 ringgit ($685.68). A Kuala Lumpur-based futures trader said the market likely rallied in anticipation of a positive outlook from an industry event. Another trader said palm oil prices were buoyed by a surge in demand from China, ahead of the Golden Week holidays. The Chicago Board of Trade (CBOT) soybean oil contract declined 0.3 percent. The January soybean oil contract on the Dalian Commodity Exchange slipped 0.4 percent, while January palm olein climbed 0.9 percent.

Source: The Star September 13, 2017 14:03 UTC