Higher prices: A worker monitors a freight car filled with harvested palm oil fruit bunches being lifted inside a mill of a oil palm estate in Perak. CPO futures closed up RM74 per tonne yesterday. — Bloomberg
KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Derivatives Exchange extended its rally from 2019 to breach the RM3,100 per tonne mark yesterday, following India’s decision to cut import duties on the commodity.
The third-month benchmark CPO futures for March was actively traded at a high of RM3,144 per tonne and a low of RM3,043 per tonne, before closing at RM3,126 per tonne, up by RM74.
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