Overview of Malaysia's Palm Oil Spot Market
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: Malaysia's spot palm oil market rebounded on Thursday, following the rise of palm oil futures market It is rumoured that Malaysia's palm oil storage will gradually decrease after February, which will help improve market sentiment As of 1000 GMT, the price of crude palm oil delivered in January was rm1285 per ton (US $1 = RM3.8), which is 10 ringgit higher than that of the previous trading day, and the delivery price in South Malaysia The 24 degree refined palm oil offer for the second quarter shipment closed at $365, up $2.50 from the previous session.
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