13/07/2017 (The News International) - KUALA LUMPUR: Malaysian palm oil futures bounced back from the previous session´s fall on Wednesday, tracking the stronger performance of related edible oils on the Chicago Board of Trade and China´s Dalian Commodity Exchange.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was up 0.4 percent to 2,593 ringgit ($603.94) a tonne at noon on Wednesday.

It hit a seven-week top of 2,614 ringgit a tonne on Tuesday, its highest since May 23, but reversed gains later in the day.

Traded volumes stood at 12,040 lots of 25 tonnes each at the midday break. "The market rose tracking overnight gains in U.S. soyoil and Dalian," said a trader from Kuala Lumpur.