CPO futures hit fresh all-time high of RM5,667

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed at an all-time high of RM5,667 a tonne for the April contract.

Singapore-based Palm Oil Analytics owner and co-founder Sathia Varqa said the price surged following news of the CPO import duty cut by India to 5 percent from 7.5 percent.