Palm oil producers look to lock in high prices

Palm oil plantations

For many, the thought of a palm tree evokes visions of summer vacations at idyllic beaches. In Asia, however, the humble palm has evolved to become far more than a hook for holidaymakers to hang their hammocks on.

Malaysia and Indonesia are the world’s largest planters of oil palms, as well as the most active producers and sellers of its products, with China and India the largest importers. Crude palm oil (CPO) is listed on the Bursa Malaysia exchange, with CPO futures contracts regarded as the

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