Palm Oil Tops 4,100 Ringgit as Veg Oil Rally Continues

Author: Tore Alden

Palm Oil Tops 4,100 Ringgit as Veg Oil Rally Continues

Palm Oil Tops 4,100 Ringgit as Veg Oil Rally Continues

Vegetable prices continued to rally on Friday as concerns about dryness in Argentina continued to support soybean oil prices. Tight stocks and expectations that palm oil exports will accelerate in the coming weeks drove buying in palm oil. The gains lifted benchmark contracts in both markets to fresh life-of-contract highs and propelled palm oil to its largest weekly increase in more than five years. The moves left the spread between the...

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Soybean Oil Prices Rally Despite Decline in Soybean Futures

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Soybean oil futures traded in a 1.91-cent range on Thursday as overnight pressure from a sharp decline in palm...

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