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International palm oil prices reached a 2.5-year high on concerns about Malaysian production declines, higher Indonesian export tariffs and speculative inflows. Indonesia raised its benchmark reference price and export tariffs this month.
The rally reflects both supply and policy factors.
A multi-year high in palm oil lifts vegetable oil costs and encourages substitution toward soy oil and other fats in feed rations.
asia.nikkei.comMINORI SATO, Nikkei staff writerDec 6, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
