Palm rallies nearly 5% to highest in almost seven weeks

Malaysian palm oil futures climbed on Monday, lifted by stronger March exports so far, setting the contract on course to snap a seven-day decline. The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange rose

Malaysian palm oil futures rose on Tuesday after falling for three straight sessions, but weaker rival vegetable oils and a firmer currency limited gains. The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange climbed

Malaysian palm oil futures were set for a second straight weekly drop on Friday, even as prices rose from a one-month low hit in the previous session, supported by recovery in some rival oils and good export data.

Palm oil prices have seen an increase in early Asia trade, following the upward trend of soybean oil’s gains overnight on the Chicago Board of Trade. According to David Ng, a trader at Kuala Lumpur-based proprietary trading firm

Industry experts believe that in order to achieve sustainable goals in the palm oil industry, the traditional belief that sustainability requires complex certification processes and premium prices must be abandoned. They argue that sustainability should be incorporated throughout

Malaysian palm oil futures ended lower on Friday after trading in a tight range, although the contract recorded a third straight weekly jump, underpinned by concerns over tight supply amid improving demand. The benchmark palm oil contract for

Malaysian palm oil futures rebounded on Thursday, posting their biggest gain in nearly three weeks, as rival vegetable oils in Dalian and Chicago strengthened and a weaker ringgit supported the market. The benchmark palm oil contract for May

Malaysian palm oil futures rebounded on Monday, helped by higher exports and stronger rival oils, while market participants monitored Indonesian exports policy. The benchmark palm oil contract FCPOc3 for April delivery rose 0.61% to 3,955 ringgit ($908.99) per tonne in

Malaysian palm oil futures edged higher on Friday on a weaker ringgit and profit-taking ahead a long weekend, but they still posted weekly losses. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange

Dekel Agri-Vision PLC said on Tuesday that it would buy the remaining stake in the Ivory Coast project and that it would begin full commercial production of the Cashew Operation this year. Agribusiness Dekel Agri-Vision, based in West

Ivory Coast’s Dekel Agri-Vision PLC, a United Kingdom-based agro-industrial company with subsidiaries in Ivory Coast, plans to start full commercial production of raw cashew nut processing plant in Ivory Coast in 2023 to boost local processing. Dekel has increased its interest in the

International palm oil prices have stabilized, having hit record highs last year. Pakistan’s import unit cost for palm oil in December 2022 at $1,043/ton was the lowest in 21 months – having hit a high of $1646/ton six