Palm oil prices rose significantly amid high crude oil prices
Published Oct 8, 2024
Tridge summary
During the week of September 27 – October 3, vegetable oil prices, particularly palm oil, saw a significant increase. The price of palm oil in Malaysia rose by USD 78.00 to 998.00 USD/t, largely due to geopolitical factors influencing crude oil prices. The price hike was highlighted ahead of the 10th International Conference BLACK SEA OIL TRADE, set to take place on October 15th in Bucharest. The conference aims to strategize and network within the oilseed and vegoil sector, focusing on its development in the Black Sea and Danube region.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Vegetable oil prices continued to increase over September 27 – October 3 During the week Palm oil prices in Malaysia increased by USD 78.00 to 998.00 USD/t. Palm oil prices in Malaysia were supported by the geopolitical factors, which contributed to the rise in crude oil prices. Further development of the oilseed and vegoil sector in the Black Sea and Danube region will be discussed at the 10th International Conference BLACK SEA OIL TRADE on ...
Source: UkrAgroConsult
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