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Late last week, Indonesia, the leading producer of palm oil, shocked global consumable oil markets by announcing an immediate ban on palm oil exports. Global oilseed prices have risen even more this year. It might be huge news for Australian canola growers, who are currently benefiting from the greatest prices on record, with prices frequently […]
July 24, 2024 • SkillHaus
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Malaysian palm oil futures dipped on Friday, followed lower-cost competing oils, although speculators profited after the contract hit an all-time high over labour shortage concerns. At the midday break, the flagship palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange fell 71 ringgit, or 1.38 per cent, to 5,090 ringgit ($1,218.14) […]
July 24, 2024 • SkillHaus
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