Palm oil prices hit 30-month high on Malaysian output concern

Indonesian export tariffs and speculative money also push up commodity

20241206N palm oil

Indonesia raised benchmark prices and export tariffs on palm oil this month. © Reuters

MINORI SATO, Nikkei staff writer

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.

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