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News Admin
 
Date
 06/10/2020
News Provider
 Nur Aisha Abd. Wahab
News Source
 Business Recorder
Headline
 Malaysian palm oil rises

Business Recorder (06/10/2020) - KUALA LUMPUR: Malaysian palm oil futures ended higher on Monday, tracking soyaoil gains and a rebound in oil prices, while a forecast of heavy rains and thunderstorms in the country also aided prices.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange added 13 ringgit, or 0.48%, to 2,721 ringgit ($655.66) a tonne.


Malaysia's Meteorological Department issued a bad weather warning for several states in the world's second-largest palm producer, including key producing state Sabah that had been hit by floods, according to state media Bernama.


Read more at https://www.brecorder.com/news/40023832/malaysian-palm-oil-rises



ECONOMICS & INDUSTRY DEVELOPMENT DIVISION
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