Palm Oil Futures Surge in Malaysia

KUALA LUMPUR: On Friday, Malaysian palm oil futures experienced an upswing, bolstered by advancements in competing edible oils and escalating crude oil values.

The benchmark palm oil contract, designated for July delivery on the Bursa Malaysia Derivatives Exchange, saw an increase of 95 ringgit, equivalent to 2.35%, reaching 4,131 ringgit per metric ton in early trading sessions.