Photographer: Dimas Ardian/Bloomberg

Palm Oil Caps Best Year Since 2010 as El Nino Threatens Crops

Updated on
  • Prices rally 33% from six-year low in August on El Nino fears
  • Production in first quarter key to prices: Pelindung Bestari

Palm oil posted its biggest annual gain in five years as the strongest El Nino in almost two decades parches crops in Southeast Asia and trims record stockpiles of the commodity used in food and biofuel.

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