Cash palm oil prices rise again, maintain premium to other products

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Cash palm oil prices rise again, maintain premium to other products

Prices for physical palm oil continued to climb in the week to Wednesday October 23, still maintaining a sharp premium to most other vegetable oil and animal fat prices.

At midweek, Fastmarkets assessed the spot price of palm oil, RBD, fob US Gulf at 59.00-59.50 cents per lb, up from 57.00-57.25 cents per lb a week earlier.

Since the beginning of this year, Gulf cash palm oil prices have jumped by about 35% to reach their highest level since the end of...

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