Palm Oil Breaches RM3,000 Since 2008

Palm oil advanced to more than RM3,000 (US$963) a metric ton for the first time since 2008.

The most-active contract gained as much as 1.2 per cent to RM3,021 a ton on the Malaysia Derivatives Exchange.

Palm oil is the world’s cheapest and most consumed edible oil. — Bloomberg

Source: Business Times

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