Palm oil climbed to a fresh record high on persisting concerns over supplies in top growers Indonesia and Malaysia and a rally in rival soybean oil.
Futures for April delivery jumped 2.6% to close at 5,322 ringgit ($1,272) a ton in Kuala Lumpur, posting a fifth straight week of gains and taking its weekly advance to 7.4%. Soybean oil, palm’s closest substitute for food and fuel, increased for a fifth day in Chicago.
"Oil" - Google News
January 21, 2022 at 06:23PM
https://ift.tt/3GRDfYm
Palm Oil Prices Jump to New Record on Dwindling Production in Malaysia - Bloomberg
"Oil" - Google News
https://ift.tt/2SukWkJ
https://ift.tt/3fcD5NP
Bagikan Berita Ini
0 Response to "Palm Oil Prices Jump to New Record on Dwindling Production in Malaysia - Bloomberg"
Post a Comment