Palm slightly recovers after six-session slide on firmer Chicago soyoil

Business Recorder reported that palm oil futures in Malaysia began Monday's trading in positive territory, ending a six-session fall. The December contract, traded on Bursa Malaysia Derivatives, rose 11 ringgit, or 0.24 per cent, to 4,546 ringgit ($1,113.12) a metric ton in early trade.

Firmer prices for Chicago soyoil gave support, though softer crude oil values restrained the advance. Earlier in the week the contract had recorded a second weekly decline in a row, marking its weakest close in 12 weeks. That run of losses left the market with a weaker starting point for the new week.

The move was small, and the figures reflect early trade only rather than the close. The report does not state a closing price for the session, so these levels are intraday quotes only.