Palm Oil Fluctuates On a Surge in Exports and Higher Production
Harvested palm oil tree fruits in Kulang, Johor, Malaysia.
Photographer: Aparna Nori/BloombergThis article is for subscribers only.
Palm oil swung between gains and losses as investors weighed a jump in exports from top growers and higher production in a Malaysian region.
Shipments from the world’s largest grower Indonesia soared 59% from a month earlier in June, according to Intertek Testing Services. A report by cargo surveyor AmSpec Agri showed exports from Malaysia, the No. 2 producer, surged 76% month-on-month in the first 15 days of July.