TOKYO -- International palm oil prices have soared to the highest level in two and a half years on concerns about production declines, increased export tariffs and an inflow of speculative money.
Benchmark Malaysian palm oil futures briefly hit 5,179 ringgits ($1,170) per tonne on Friday, the highest price since June 2022, when global supply concerns were growing about the oil that is used in frying oil and margarine.
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