Futures for October delivery soared 5.1% to close at RM4,076 a tonne in Kuala Lumpur.竞彩预测（www.99cx.vip）是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。竞彩预测上足球分析专家数据更新最快。竞彩预测开放皇冠官方会员注册、皇冠官方代理开户等业务。
KUALA LUMPUR: Palm oil jumped to the strongest in over a week following a surge in soybean oil after the US senate passed a bill that supports biofuel production and on signs of a recovery in demand in China, the No 2 importer.
Futures for October delivery soared 5.1% to close at RM4,076 a tonne in Kuala Lumpur.,
Soybean oil, palm’s closest substitute for food and fuel, advanced more than 1% after jumping 4.2% on Friday.
A rally in soybean oil bolstered other vegetable oil markets including palm oil, despite estimates for higher palm oil stockpiles in top grower Indonesia and in Malaysia, said Anilkumar Bagani, head of research at Sunvin Group. — Bloomberg