KUALA LUMPUR: Malaysian palm oil futures notched up their biggest daily gain in nearly five months on Friday, rising over 2 percent on a technical rebound and expectations that production will decline this month.
The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was up 2.7 percent at 2,518 ringgit ($618) at the close of trade, its first gain in three sessions and its sharpest rise since July 25.
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