Futures for October delivery soared 5.1% to close at RM4,076 a tonne in Kuala Lumpur.环球视讯（www.ugbet.us）开放环球UG代理登录网址、会员登录网址、环球UG会员注册、环球UG代理开户申请、环球UG电脑客户端、环球UG手机版下载等业务。
KUALA LUMPUR: Palm oil jumped to the strongest in over a week following a surge in soybean oil after the US senate passed a bill that supports biofuel production and on signs of a recovery in demand in China, the No 2 importer.
Futures for October delivery soared 5.1% to close at RM4,076 a tonne in Kuala Lumpur.,
Soybean oil, palm’s closest substitute for food and fuel, advanced more than 1% after jumping 4.2% on Friday.
A rally in soybean oil bolstered other vegetable oil markets including palm oil, despite estimates for higher palm oil stockpiles in top grower Indonesia and in Malaysia, said Anilkumar Bagani, head of research at Sunvin Group. — Bloomberg