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PALM OIL ROSE ON INCREASED CHINA DEMAND - vyaparsampark.com
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Malaysian palm oil futures for April delivery rose by RM 51 or 1.34% to RM 3866 ($ 820.11) per ton on robust demand from China and higher crude oil price even though mixed demand from India caped gains. Higher demand from China on account of Lunar new year lift palm oil price, firm petoleum crude oil prices supported palm oil price. Some buyers from India opted soft edible oils such as Soy oil. Malaysian currency rose by 0.02% against American Dollar.