BUSINESSAug 20 · 03:33 UTCBLOOMBERGEko Listiyorini and Kanupriya Kapoor

Palm Oil Hits Highest Since 2024 as Biofuels, El Niño Cut Supply

Palm oil climbed to its highest level in about 20 months. This price surge is underpinned by rising biofuel demand and mounting production risks caused by the strengthening El Niño.

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