Crude palm oil (CPO) surged to US$1,050 per ton (CIF) in Rotterdam on Monday (Jan 4), a level not seen since July 2012, due to a decline in supply amid strong La Nina weather pattern and reports about shortage of migrant workers (mainly Indonesians) on Malaysia’s plantations. Robust demand from China and lower import duty in India also contributed to the rally in CPO price.To subscribe please click here