Palm Oil Rallies Along with Diesel Prices

Crude Palm prices rose for a third consecutive day on Thursday, tracking a rally in bean oil and crude oil to reach a near two-week high.  Palm has gained more than 4% so far this week adding to gains in the prior week.  A rally in distillates across the globe following a stronger than expected draw in distillate inventories as reported by the Department of Energy was one of the catlayst for Wednesday and Thursday’s…