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
PROTECTING the palm oil industry does not get any easier, does it?
Some 30 years ago, soybean growers in the United States ran a campaign alleging that palm oil and other “tropical oils” were harmful to the heart.
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