Crude palm oil (CPO) for third month futures rose by RM56 to RM3,420 per tonne at midday on Thursday, the highest since March 2012.
KUALA LUMPUR: Crude palm oil (CPO) for third month futures rose by RM56 to RM3,420 per tonne at midday on Thursday, the highest since March 2012.
Bloomberg reported the strong CPO price was due to surging soybean oil prices and lingering concerns over production in Malaysia, which is the second-largest grower, because of a labour shortage.
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