Palm Oil Gains as Surging Indian Demand Seen Cutting Inventories
This article is for subscribers only.
Palm oil advanced on speculation that reserves in Malaysia may drop from a record as India, the world’s largest importer, boosts purchases.
The contract for delivery in April gained 0.2 percent to close at 2,552 ringgit ($825) a metric ton on the Malaysia Derivatives Exchange. Futures have gained 4.7 percent this year.