Animal fats and oils mostly steady; DCO edges higher
Trading in the animal fats and oils market was sluggish on Thursday October 3, driven by a prevailing bearish...
Palm oil futures on the Bursa Malaysia Exchange rose sharply ahead of the weekend, amid a wave of fresh buying sparked by strength in competing vegetable oils that helped boost the benchmark contract to a six-month high.
The benchmark December palm oil contract closed the Friday October 4 session at 4,300 Malaysian ringgit ($1,019) per tonne, up by 118 ringgit per tonne, or 2.8%, from a close of 4,182 ringgit per tonne on Thursday.
Palm oil futures were also swept higher on...