Palm Oil Closes Higher on Supply Concerns — Market Talk

MALAYSIA, Sept. 1 – Palm oil prices closed higher as concerns continued over tightening supply. “Concerns about weather in the U.S. and Indonesia’s plan to start its B35 biofuel mandate are supporting the market,” analysts from Aminvestment Bank said in a note. The Bursa Malaysia Derivatives contract for November delivery finished MYR30 higher at MYR4,040 per ton.