KUALA LUMPUR: Malaysian palm oil futures hit a two-week high on Monday evening, recording a second straight session of gains, as rising demand for palm and gains in rival oilseeds supported the market.
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was up 0.7 percent at 2,540 ringgit ($651.12) a tonne at the close of trade. It earlier rose to 2,555 ringgit, matching palm's highest levels reached on Feb. 12.
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