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SINGAPORE, May 22: Malaysian palm oil futures rose to the highest in more than one month on Wednesday, as investors pinned their hopes on demand recovery ahead of the Muslim holy month of Ramadan.
At the market close, the benchmark August contract on the Bursa Malaysia Derivatives Exchange had gained 1.1 per cent to 2,360 ringgit ($781) per tonne, a tad off its high at 2,363 ringgit, a level last seen on April 12.—Reuters
