CPO futures hit new all-time high on lower output

The benchmark palm oil contract for December soared RM155 to RM4,872 a tonne.

KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its upward momentum to close at a new all-time high, in line with the lower output and weaker ringgit.

The benchmark palm oil contract for December soared RM155 to RM4,872 a tonne.