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Palm inches higher on Dalian strength but remains on track for monthly drop
JAKARTA: Malaysian palm oil futures inched higher on Wednesday after a three-session slide, supported by strength in Dalian vegetable oil, but remained on track for their first monthly drop in four months. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange rose 5 ringgit, or 0.11%, to 4,629 ringgit ($1,135.67) a metric ton by 0236 GMT, after posting its lowest close in 10 weeks on Tuesday. The contract has fallen 5.4% so far this month.
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