Malaysian Palm Oil Once Again Hits High

Crude Palm Oil Futures

Malaysian palm oil(B – Trams): futures rose more than 5% to above MYR 6,300 per tonne, getting closer to a record high of MYR 6,470 hit last week on stronger demand as the conflict in Ukraine is putting pressure on prices of crude oil and other vegetable oils. As we  published On 25/2/2022 The future predictions About the market Read More ..

Meanwhile, supply remains limited. Malaysian Palm Oil Board’s estimated the country’s production in February fell 1.79% from the previous month,

while exports for Feb. 1-25 rose over 25.1% to 1,095,753 tonnes from 876,056 tonnes shipped during the same period of January.

Also, Indonesia, the world’s top producer, started requiring producers to sell 20% of their planned exports to the domestic market.

About Haroon Khawaja

Haroon Khawaja Is a Journalist & CEO Of B-Trams , Ex Reporter At Geo News

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