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Malaysian palm oil: futures corrected to around MYR 5,450 per tonne, hit by some profit-taking after the last session’s all-time high of MYR 5,770.

Still, fundamentals in the palm oil complex continue to be supported by stronger-than-expected exports, tight supply, and a move by Indonesia in implementing the Domestic Market Obligation.

Malaysian palm oil products for Feb. 1-15 rose between 18.8% and 23.6% from the previous month, rebounding from a dismal performance in January, according to data by cargo surveyors.

Meantime, the world’s top palm oil producer, Indonesia, said it would demand export permits for all products, raising fears of global supply disruption.

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