Palm Oil Rises to Four-Week High on Improved Malaysian Shipments
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Palm oil climbed to the highest in a month, as data showing gains in exports from Malaysia countered concerns shipments to China, the world’s biggest cooking oil buyer, may decrease.
The contract for March delivery rose 0.1 percent to 2,430 ringgit ($792) a metric ton on the Malaysia Derivatives Exchange, the highest settlement price for the most-active contract since Nov. 26. Futures gained 5.9 percent last week and have lost 23 percent this year.