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News 2026-10-23 04:16 UTC

Palm Oil Set for 3rd Straight Weekly Gain

Malaysian palm oil futures extended gains, holding above MYR 4,800 per tonne amid strength in rival edible oils and a tightening supply outlook linked to severe El Niño conditions and Indonesia's upcoming B50 biodiesel mandate. Robust exports also supported prices, with cargo surveyors reporting a 58.5%—78.4% surge in