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Malaysia's deputy plantation minister said crude palm oil prices rose to RM2,880 per tonne, attributing the gain to the biodiesel programme and new market openings. Fresh fruit bunch prices recovered to about RM540 a tonne from RM260 previously.
Official attribution of higher prices to biodiesel and new export markets confirms firm palm demand supporting prices, though the comment restates trends already reflected in the market.
thestar.com.myThe Star OnlineSep 3, 2020Not 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.
