World vegetable oil and sugar market on March 22: Palm oil price lost 3% to 5-month low
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영국
게시됨 2023년 3월 23일
Tridge 요약
Palm oil contract for delivery in June 2023 on the Bursa Malaysia Exchange fell 121 ringgit, or 3.2%, to 3,663 ringgit ($819.1) a tonne, hitting its lowest level since October 14. At the mid-day break, this futures contract closed at 3,644 ringgit ($815.94)/ton. Malaysia's palm oil exports in the first 20 days of March 2023 rose 30.4% to 929,274 tonnes compared with 712,740 tonnes exported in the same period in February, according to commodity surveyor Societe Generale de Surveillance data. Oil prices fell as US crude inventories rose, suggesting fuel demand may be weakening, making palm a less attractive option for biodiesel feedstock. On the Dalian Stock Exchange, soybean oil prices fell 3.1% and palm oil prices lost 3.9%. On the Chicago Mercantile Exchange, the price of acacia soybean oil fell after losing 3% overnight. Palm oil prices are influenced by relevant oil prices when competing for share in the global vegetable oil market. The price of raw sugar for May 2023 on the ICE floor increased 0.32 cents, or 1.6%, to 20.8 US cents/lb. The price of white sugar for delivery of the same term on the London floor added 9.2 USD, or 1.6%, to close at 589.8 USD/ton.
원본 콘텐츠
Vegetable oil Palm oil contract for delivery in June 2023 on the Bursa Malaysia Exchange fell 121 ringgit, or 3.2%, to 3,663 ringgit ($819.1) a tonne, hitting its lowest level since October 14. At the mid-day break, this futures contract closed at 3,644 ringgit ($815.94)/ton. Malaysia's palm oil exports in the first 20 days of March 2023 rose 30.4% to 929,274 tonnes compared with 712,740 tonnes exported in the same period in February, according to commodity surveyor Societe Generale de Surveillance data. Oil prices fell as US crude inventories rose, suggesting fuel demand may be weakening, making palm a less attractive option for biodiesel feedstock. On the Dalian Stock Exchange, soybean oil prices fell 3.1% and palm oil prices lost 3.9%. On the Chicago Mercantile Exchange, the price of acacia soybean oil fell after losing 3% overnight. Palm oil prices are influenced by relevant oil prices when competing for share in the global ...