Crude palm oil futures on Bursa Malaysia Derivatives settled higher, tracking soyoil contracts on CBOT. The prices of crude palm oil and soyoil typically move in tandem. A weak ringgit against the dollar also supported crude palm oil prices, as weakness in the Malaysian currency makes the commodity cheaper for buyers holding other currencies. The most-active August contract of crude palm oil on the Malaysian bourse settled at 2,432 ringgits (41,499.40 rupees) per tn, up 0.8% from the previous close.