2-year high: Palm oil prices
Palm oil prices are around two-year highs at $722 a tonne as output in Malaysia, a key market for the commodity, declined 2% in October.Shares in UK-quoted producers Dekeloil (DKL:AIM) and REA Holdings (RE.) have both been boosted by the news while MP Evans (MPE) saw a takeover offer from Kuala Lumpur Kepong increased to 740p a share on 15 November.Both that offer and a previous 640p bid have...