Palm Oil Holds Two-Month High
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Malaysian palm oil futures rose to MYR 4,265 per tonne, marking a two-month high, supported by stronger edible oil prices and improved export estimates. Exports for January 1–25 increased by 7.97% to 9.97% compared to December. Anticipated demand ahead of the Lunar New Year and Ramadan, along with expected declines in January output, contributed to the price rise. However, a stronger ringgit and caution ahead of China's PMI data and the U.S. Federal Reserve's interest rate decision limited further gains.
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