Palm Oil futures rise as rival markets strengthen and ringgit weakens

Palm oil prices in Malaysia have surged significantly, with the January contract reaching 4,876 ringgit per metric ton on the Bursa Malaysia Derivatives Exchange. This rise comes as the global oil market influences local markets, pushing

Palm oil futures recently rose to 4,695 ringgit per metric ton, driven by a blend of optimistic expectations around China’s demand and currency adjustments. This rise reflects a complex balance between evolving market dynamics and the

Palm oil futures have been on the rise for a third consecutive day, influenced by global vegetable oil market dynamics and currency fluctuations. The price reached 4,449 ringgit per metric ton on the Bursa Malaysia Derivatives

Palm oil futures saw an increase on Monday, driven by speculative buying and short covering, but the rise was limited due to weaker crude oil prices. The benchmark palm oil contract for December delivery on the

Malaysian palm oil futures saw a slight increase on Wednesday, reversing earlier declines as traders awaited crucial domestic supply and demand data for more direction. The benchmark palm oil contract for December delivery on the Bursa

Palm oil is one of the most widely used vegetable oils in the world, finding its way into everything from food products to cosmetics and biofuels. However, its cultivation has faced scrutiny due to environmental and

Palm oil futures extended their gains on Monday for the fourth consecutive session, driven by strength in rival edible oils. However, concerns over production, stemming from poor weather conditions in Malaysia, the world’s second-largest producer, kept

Dekel Agri-Vision Plc, a West African agricultural company, has shared an update regarding its palm oil operations at the Ayenouan project in Côte d’Ivoire for August 2024. The company recorded a 14.5% increase in crude palm

Sustainable palm oil production has become an essential topic in the global agricultural industry, as environmental concerns continue to rise. Palm oil, a versatile and widely used ingredient, is found in products ranging from food items

Palm oil futures made a steady recovery on Wednesday, supported by concerns over reduced production and increased exports from Indonesia. However, the potential for gains was tempered by an uncertain global demand outlook. The benchmark palm

Dekel Agri-Vision plc, a West African agricultural company, is making significant progress, particularly in its palm oil operations. The company’s recent update for July reflects its continued success in this sector, setting a promising tone for

The world faces a significant challenge: how to feed an ever-growing population without inflicting further harm on the planet. At the core of this issue lies the production of vegetable oils, a critical element of human

Palm oil futures saw a modest rise on Wednesday after hitting a seven-month low in the previous session. The gains were supported by a weaker ringgit, though they were limited by losses in rival Dalian contracts.

Palm oil has long been a contentious topic in environmental and ethical discussions, but a shift towards sustainable practices is transforming its narrative. Sustainable palm oil refers to oil produced without causing deforestation or harming ecosystems,