Palm Oil Ends at Highest in 16 Months on Exports, Share Rally
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Palm oil jumped to the highest close in more than 16 months as exports increased from Malaysia, the second-biggest producer, and as advancing stock markets boosted optimism over the economic recovery and commodity demand.
December-delivery palm oil surged 1.3 percent to 2,735 ringgit ($885) a metric ton on the Malaysia Derivatives Exchange, the highest finish since May 13, 2009. The tropical oil traded as high as 2,755 ringgit today.