Palm made spectacular gains today largely at the back of record setting and multi-year high cross commodities price surge following Russia-Ukraine war breakout at early Asia trading hours. Front month CPO crossed over RM7000 mark and closed at the day’s high or up 9.02% from yesterday. Active month notched fourth successive day of record setting price, adding 7.96% or RM476 to RM6458. Palm was riding at the back of higher Brent crude which broke through US$100/barrel—the first time since 2014 and on soybean oil trading to 74 cents/pound on ECBOT. Palm fundamentals remain strong with 1-25 Feb exports heard…

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