Weak ringgit translates to higher revenue for oil palm planters

Palm oil prices are also being supported by supply fears

PETALING JAYA: The weaker ringgit is a boon for oil palm planters.

At RM2,284 a tonne yesterday, crude palm oil (CPO) futures contract on Bursa Derivatives, which is quoted in ringgit, has risen 18.4% from the recent low in August.