CPO jumps after India cuts import duties


India's lowering of import duties on the commodity raises demand expectations, says Anilkumar Bagani, head of research at vegetable oil broker Sunvin Group, according to Dow Jones wire report

KUALA LUMPUR: Crude palm oil (CPO) for third month delivery rose to a high of RM3,080 per tonne on Thursday, extending its rally from 2019 after India cut import duties.

At 11.22am, CPO was up RM24 to RM3,076 per tonne.

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