China: Palm oil price rises on Dalian stock exchange

Following the results of trading on the Dalian Commodity Exchange (DCE) dated November 29, 2022, quotations for RBD palm oil (FOB Malaysia) increased relative to the previous trading day. Prices for the product delivered in December on Tuesday rose to the level of $1147/t, which is $15/t higher than the previous value ($1132/t). The maximum delivery price for December for the last month was $1,189/t (November 11, 2022). The minimum is $1,098/t (November 21, 2022). From 11/29/2022, the cost of deliveries to: — December was $1,147/t; — January amounted to 1175 $/t. Earlier, specialists from the Indonesian association GAPKI predicted that palm oil prices would fall in 2023 amid an expected global economic recession. According to GAPKI Foreign Minister Fadhil Hasan, the sluggish economy will negatively affect the demand for ...