Malaysian palm oil prices registered their largest ever one-day gain on Monday and US soyabean prices hit record levels as supply disruptions in Asia propelled global vegetable oils markets to new peaks.

Malaysia’s benchmark crude palm oil futures contract jumped 8.2 per cent to a record M$4,332 ($1,355) a tonne, while Indonesian crude palm oil prices rose 6.5 per cent to Rp11.29m a tonne ($1,245).