TOKYO/JAKARTA -- Palm oil prices are rising, due to recovering demand from China and India and labor shortages in producing countries as a result of the coronavirus pandemic.
The index price on the Bursa Malaysia Derivatives Exchange was at 3,064 ringgit ($737) a ton as of mid-October, up 38% from a year ago. In August it hit its highest level since January, reaching 3,100 ringgit a ton.
