Palm oil price recovers from 12-week low

compared to the previous month. However, further growth was limited by a decline in imports to India, the world’s largest buyer, where oil purchases fell to a five-month low in October. As a result, total oil imports in the 2024/2025 season reached a five-year low as buyers switched to more affordable soybean oil after higher palm oil prices. According to a Reuters forecast, Malaysian oil inventories could increase by 3.5% in October, reaching 2.44 million tonnes, which would be the highest level since October 2023. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp. It is a multi-functional online platform with ...