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Vegoils: Palm oil gains; set to snap losing streak on overnight soyoil

Reuters  |  KUALA LUMPUR 

By Emily ChowKUALA LUMPUR (Reuters) - Malaysian palm oil futures rose on Monday, and were in line to snap four sessions of losses, tracking overnight gains in U.S. soyoil.The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was up 0.5 percent at 2,277 ringgit ($564.59) a tonne at noon. Trading volumes stood at 9,127 lots of 25 tonnes each at the midday break."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 1.5 percent on Friday.U.S. ...

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First Published: Mon, July 09 2018. 12:05 IST