Palm oil was offered between $10 and $15 a tonne up, after Malaysian palm oil futures closed between 13 and 88 ringgit per tonne up on expectations demand will improve next year. Malaysian palm oil futures climbed to a near one-month high on Monday as investors pinned hopes on next year's tight supply of competing soyoil shifting food demand to the tropical oil. April/June RBD palm olein traded $20 up between $847.50 and $855 a tonne fob Malaysia.
Palm oil was offered between $10 and $15 a tonne up, after Malaysian palm oil futures closed between 13 and 88 ringgit per tonne up on expectations demand will improve next year. Malaysian palm oil futures climbed to a near one-month high on Monday as investors pinned hopes on next year's tight supply of competing soyoil shifting food demand to the tropical oil. April/June RBD palm olein traded $20 up between $847.50 and $855 a tonne fob Malaysia.