Palm oil futures rise due to recovery in vegetable oils and weaker ringgit

Côte d’Ivoire, a leading player in West Africa’s agricultural landscape, has emerged as a pivotal contributor to global markets for palm oil and cashews. These two commodities, deeply rooted in the country’s rich agricultural tradition, are

Dekel Agri-Vision, a company listed in London, reported a significant decline in its crude palm oil (CPO) production, as the usual low production season for the commodity extended longer than anticipated. Production levels for October showed

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