Palm Oil Moves Higher on Stronger Future Demand

Crude palm oil prices moved higher during the past week up strongly on the back of good exports, a weak ringgit and adverse of weather conditions. Higher yields in the U.S. are making the dollar stronger which is allowing CPO to gain traction. Production is coming down, exports are going up, and the ringgit is coming down which points to friendly factors in the market.

Additionally, it appears that demand for…