Palm Oil Prices Edge Higher but Headwinds Persist
Palm oil prices edged higher on Thursday but continue to face headwinds as a stronger dollar and steady output continue to keep prices on the defensive. Prices tumbled on Monday as planters’ estimates of output showed steady palm production in Malaysia, countering expectation of a decline.
The Malaysian Palm Oil Association, a group of growers, forecast that total February crude palm oil output at 1.16 million…
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