REFILE-BUZZ-Big rise in price palm oil for FX traders to consider
(Adds chart) * Price palm oil has jumped over 12% in roughly 2 weeks * Palm oil closes at highest level in over a year urn:newsml:reuters.com:*:nL2N3FR0AH * Overbought situation may lead to a pause but lots upside potential * Minor correction of 2022 slump is MYR 4751 vs MYR 4275 last * Big exporters like Malaysia and Indonesia should benefit * Bigger cost for large importers like India, China, Pakistan and eurozone * Inflationary impact lessens chance hoped for easing cycles urn:newsml:reuters.com:*:nL5N3FT1UK * <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Palm oil https://tmsnrt.rs/48ULb8q ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Jeremy Boulton is a Reuters market analyst. The views expressed are his own) (([email protected]))
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