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Vegoils: Palm oil edges higher, snaps losing streak on U.S. soyoil

Reuters  |  KUALA LUMPUR 

By Emily ChowKUALA LUMPUR (Reuters) - Malaysian palm oil futures ended the trading day slightly higher on Monday, tracking gains in U.S. soyoil and snapping four previous sessions of losses.The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was up 0.1 percent at 2,268 ringgit ($563.48) a tonne at the close of trade. Trading volumes stood at 24,911 lots of 25 tonnes each in the evening."Palm is up, tracking U.S. soyoil overnight prices," said a futures trader in Kuala Lumpur, referring to soyoil prices on the Chicago Board of Trade which jumped ...

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First Published: Mon, July 09 2018. 18:35 IST