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Palm oil and rubber prices rise as floods in M'sia, Thailand hit supplies

Wednesday, December 31, 2014 - 05:50

Kuala Lumpur

PALM oil and rubber prices advanced as flooding in Malaysia and Thailand disrupted supplies from South-east Asia, and forecasters said that further heavy rain over the next few days will probably exacerbate the situation.

Palm oil for March delivery jumped 1.6 per cent