CPO Dec Futures Prices Closed Higher On Friday



Palm-oil stocks in Malaysia, one of the world's largest producers of the oil, are 28% higher than a year ago. Moreover, on month on month basis, Malaysian Palm-oil stocks totaled 1.75 million tons at the end of November, up 2.6% from October.

Concerns about reduced production have prompted palm oil prices to rise 27% since they reached a six-year low in August. As per trade ministry official, Indonesia, top producer, has kept export tax for crude palm oil in December at zero, unchanged from November.

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