Palm settles higher on stronger rival oils, low trading caps gains – Markets

KUALA LUMPUR: Malaysian palm oil futures rose for a second session on Wednesday, with strength in rival edible oils underpinning the market, although low trading volumes capped the gains.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose 3 ringgit, or 0.08%, to 3,766 ringgit ($813.92) at closing.

The market opened slightly higher on crude oil…