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المشهد العربي
Malaysian palm oil up 3% on Indian demand
Malaysian palm oil prices rose by more than 3% in the global market, amid persistent strong Indian demand that reached approximately 150,000 tons over three days for delivery in November and December. This comes as India seeks to compensate for supply disruptions of sunflower oil caused by the Russia-Ukraine conflict. Experts expect these orders to boost Malaysia’s competitiveness at the expense of Indonesia, especially if the proposed removal of export duties on raw palm oil is approved. Additionally, the December palm oil contract increased by 1.70%, reaching 4,600 ringgits per ton.
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