KUALA LUMPUR (Jan 9): Malaysian crude palm oil futures rallied on Thursday, recouping losses suffered this week, as India's move to restrict imports of refined palm oil boosted prices, while signs of de-escalation in Iran-U.S. tensions soothed concerns. 

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange closed at 72 ringgit or up 2.4% at 3,113 ringgit (US$761.50), on speculation India might import more crude palm oil to refine itself.