Price move reports indicate that Malaysian palm oil futures rose by more than 2% to around MYR 4,820 per tonne, marking their highest level since early April and reversing recent weakness. Drivers Market participants cited a combination of factors supporting the advance: - Firmer edible oils on the Dalian exchange lifted sentiment.
- Bargain hunting provided additional buying support. - Demand prospects improved after India's edible oil imports reached a 10-month high in July.
Context The reports item supplies the price levels and the market drivers above.
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