Palm Oil Poised to Surge 24% as Demand Returns, Sime Darby Says

Palm Oil Poised to Surge 24% as Demand Returns, Sime Darby Says

Goh Seng Chong/Bloomberg

Palm oil, used in foods and biofuels, fell to a three-year low this month as economic slowdowns in China and the European Union curbed demand, pushing reserves in Malaysia to a record.