Higher palm oil prices due to developments in India, China, Indonesia

By HANIM ADNAN

PETALING JAYA: A combination of restocking activities in China, strong buying from India ahead of the Deepavali festival and a drop in inventory in Indonesia has fueled a short recovery play in crude palm oil (CPO) prices.

CPO prices have since rebounded by over 16% from a low of RM2,188 per tonne in July.

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Business , CPO , palm oil , oil palm , prices , high , China , India , Indonesia , ringgit ,

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