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Palm Oil - Price - Chart - Historical Data - News
Palm Oil - Price - Chart - Historical Data - News
Malaysian palm oil futures climbed almost 1% to near MYR 3,970 per
tonne, gaining for the second straight session amid strength in soyoil
prices on the Dalian exchange and the CBoT. Meanwhile, the Malaysian
Palm Oil Board (MPOB) reported that shipments in May jumped to a six-
month peak of 1.38 million tons, a surge of 11.66% from the prior month.
At the same time, crude oil prices rose for the third day, on upbeat global
demand views from OPEC+ and the US EIA. In top importer India, palm
oil purchases surged 12.4% during May to a four-month high of 769,000
metric tons. Meanwhile, the country's buying for June is expected to stay
robust, likely at around 750,000 tons. Limiting the bullish momentum was
caution that production growth may exceed industry expectations in the
coming months. In May, output surged 13.8% from April to 1.7 million
tons, the biggest in six months. Simultaneously, palm oil stocks last
month stood at 1.75 million metric tons, the highest since February.
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Palm Oil Price - Chart - Historical Data - News
Price Day Month Year
Summary Stats Forecast Alerts Export
Soybeans 1179.33 1.93 0.16% -1.87% -10.94%
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Palm Oil
Crude Palm oil is vegetable oil and it's used primarily in processed food.
Indonesia and Malaysia constitute 85% of the world's palm oil supply
followed by Nigeria, Thailand and Colombia. The contract size is 25
metric tons and it's traded at Bursa Malaysia. The Palm oil prices
displayed in Trading Economics are based on over-the-counter (OTC)
and contract for difference (CFD) financial instruments. Our market
prices are intended to provide you with a reference only, rather than as a
basis for making trading decisions. Trading Economics does not verify
any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
3961.00 3933.00 7268.00 429.00 1980 MYR/MT Daily
Palm Oil Price - Chart - Historical Data - News
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