Third month palm oil futures on the Malaysian derivatives exchange rose as much as 4% during afternoon trade May 20 after Indonesia announced that a resumption of exports from the country will be accompanied by domestic market obligations forits palm oil producers. The August crude palm oil contract on the Bursa Malaysia Derivatives exchange was …
The post Palm oil rises as Indonesia sets preconditions on resuming exports first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John