Malaysian palm oil futures surged on Thursday, snapping a two-day downturn, as traders sought bargains amid higher prices of bean and palm oil on the Dalian exchange.
The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange jumped 78 ringgit, or 2%, to 3,908 ringgit ($842.24) per metric ton by midday break, paring losses from the previous session.
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