Malaysian palm oil futures climbed to a 15-week high on Friday, supported by persistent strength in crude oil markets. Brent oil prices surged above $100 per barrel, marking their fourth consecutive weekly gain. This rise in crude oil makes palm oil a more appealing option for biodiesel feedstock, influencing its price. Sustained high oil prices could contribute to inflationary pressures globally, potentially impacting international gold prices and the USD/PKR exchange rate in Pakistan.
بحوالہ / Source: www.brecorder.com