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Palm surges to near 12-week high as soyoil, Malaysia policy support
Imaduddin
29 Oct, 2014
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Copyright Reuters, 2014
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![](https://i.brecorder.com/images/2014/10/palm-oil-oct.jpg">JAKARTA: Malaysian palm oil climbed to its highest level in almost 12 weeks on Wednesday, supported by gains in competing oilseed markets and on expectations the country's palm oil demand would increase because of a new biodiesel policy, traders said.</P><P>In competing vegetable oil markets, the U.S. soyoil contract for December edged up 1.65 percent in early Asian trade, while the most active January soybean oil contract on the Dalian Commodities Exchange rose 2.12 percent.</P><P>Malaysia announced the )
