Palm | Kelapa Sawit

JAKARTA, Aug 2 (Reuters) - Malaysian crude palm oil jumped on Monday to hit a three-and-a-half month high after a top analyst said a lower European rapeseed crop will spur more imports for other vegetable oils, including palm, and as soybeans gained.
High export figures and gains in crude oil also helped palm oil to jump higher, traders said.
The benchmark October contract on Bursa Malaysia's Derivatives Exchange closed up 53 ringgit or 2.11 percent to 2,570 ringgit ($813) a tonne by lunch break after trading as high as 2,583 ringgit -- a level not seen since April 9.
Overall volumes rose to 16,141 lots of 25 tonnes each from the usual 10,000 lots.
The European Union is expected to harvest a sharply lower rapeseed crop in 2010, creating tighter supplies for crushing and spurring more imports of other vegetable oils including palm oil, soyoil, and sunoil, Thomas Mielke, head of global oilseed research group Oil World, told Reuters on Monday.