Vegetable oil futures surge as Russia-Ukraine grain deal comes to abrupt end

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Crude palm futures in Malaysia rose almost 5% and CBOT soybean oil futures spiked in early Asian trade Oct 31 after Russia announced it will no longer be part of the UN-brokered grain corridor deal with Ukraine and Turkey. January crude palm oil futures on the closely watched Bursa Malaysia derivatives index shot up to MR 4,189/mt ($886/mt) at the…