Palm oil up nearly 3pc as Indonesia keeps biodiesel program alive
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed up 61 ringgit, or 2.92%, at 2,150 ringgit ($492.44) per tonne, the highest since April 21. Indonesia, the world’s biggest palm producer, is set to distribute $2.78 trillion rupiah ($187 million) for its B30 biodiesel programme and increase its palm…
