Palm oil benchmark shoots past RM4,000
KUALA LUMPUR (Bernama) — The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rallied to post its biggest single-day gain and close at a 31-day high today, with the benchmark July contract hovering above the RM4,000 level.
Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said the CPO futures buying was sparked by a surge in the related soybean oil, which hit limit-up to lock in a 3.59 per cent rise on the Chicago Board of Trade.
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https://www.thestar.com.my/business/business-news/2021/04/27/palm-oil-benchmark-shoots-past-rm4000
