Malaysian palm oil futures climb to 1-week high on Indonesian subsidy

February 4, 2015 |

In Malaysia, palm oil futures prices rose 2.5% to their highest in a week on the back of news that Indonesia will triple its subsidies to blend biodiesel. One analyst said the subsidy could mean $350 per metric ton for producers, calling the move a “game changer”.  The news prompted traded futures volume to double the daily average.

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Category: Producer News

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