Malaysian palm oil futures opened higher on Monday, ending a two-day losing streak. The benchmark August contract on the Bursa Malaysia Derivatives Exchange rose 37 ringgit, or 0.97%, to 3,852 ringgit ($894.36) per metric ton in early trading.
The rebound was supported by stronger prices in rival soyoil markets and a weaker Malaysian ringgit, which boosted export competitiveness.
