Briefings • Palm Oil Soars to Highest in 11 Weeks on Sustained india Buying Palm oil jumped to the highest price in 11 weeks as cooking oil imports by india, the biggest buyer after Chia, may remain high because processing of local oilseeds is unprofitable.january-delivery palm oil advanced as much as 3.1 percent to 2,340 ringgit($696) a metric ton, the highest level since Aug.