The Malaysian currency rose as much as 0.53 percent against the dollar to 3.8550, its highest since April 2016, bolstered by high oil prices and portfolio inflows. It was last up 0.35 percent at 3.8620 per dollar on Wednesday evening for a third consecutive sessions of gains. Gains in the ringgit, palm's currency of trade, usually weigh on the tropical oil by making it more expensive for holders of foreign currencies
BANGI: The promotion of palm oil overseas will fail if Malaysians themselves do not consume it, says Teresa Kok.
The Primary Industries Minister said that in Europe, many consumer goods such as biscuits and chocolates had labels, stating that they were free of palm oil.
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