Crude palm oil futures rose as high as 4% on the Malaysian commodities exchange on Jan. 3, driven by concerns that heavy rains across seven states in Malaysia may slow palm oil production at the world’s second largest producer. March CPO futures on the Bursa Malaysia Derivatives exchange closed 3.34% higher at MR 4,854/mt ($1,160.97) …
The post Heavy rains in Peninsular Malaysia drive palm oil supply concerns first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John