The Edge Malaysia·3 min read·medium
Palm oil heads for weekly gain on India demand, biofuel outlook
✦AI Summary
Palm oil prices are rising due to anticipated demand from India's festival season and concerns over El Niño-related production drops. Additionally, higher crude oil prices are making palm oil more attractive as a biofuel feedstock.
BURSA SGX Home Vegoils Make The Edge Malaysia your preferred source on Google (July 17): Palm oil headed for a second weekly advance on expectations for stronger demand from India, and a lift from higher crude prices.
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