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Palm oil touches near four-week high on China demand hopes

KUALA LUMPUR: Malaysian palm oil futures extended gains for a second session on Wednesday, hitting a near four-week high on hopes of a recovery in demand after China eased COVID-19 curbs.

Malaysian palm oil futures surge on China optimism

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange gained 18 ringgit, or 0.44%, to 4,118 ringgit ($928.50) a tonne during early trade, its highest since Dec 2.

Palm oil touches near four-week high on China demand hopes

Source: Brecorder

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