Malaysian palm oil futures hovered around MYR 3,820 per ton, gaining for the seventh straight session while notching a five-week high amid strength in rival edible oil on the Chicago Board of Trade and a climb in crude oil prices as the Middle East crisis deepened, Tradingeconmics.com reported. Palm oil increased 0.39% year-on-year so far, while soybean has fallen 20%, which might have prevented palm oil to gain from El Nino-affected production. To subscribe please click here
