Palm Oil Climbs as Crude-Price Gain Increases Appeal of Biofuel
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Palm oil advanced as strengthening crude oil prices increased the appeal of vegetable oils as biofuel feedstock.
Palm for November delivery rose 0.5 percent to close at 2,410 ringgit ($729) a metric ton on the Bursa Malaysia Derivatives. Palm oil for physical delivery in September was at 2,415 ringgit, data compiled by Bloomberg show.