| Abstrakt: |
The price of palm oil in Malaysia rebounded after six consecutive sessions of losses, driven by higher Dalian soyoil prices and traders buying cheaper contracts. The benchmark contract for palm oil delivery in March on the Bursa Derivatives exchange increased by 2.53% to 4,545 Ringgit per metric ton. Indonesia announced an increase in export levies on crude palm oil to fund higher biodiesel subsidies, impacting the global vegetable oil market. The market also reacted to lower-than-expected U.S. inflation data and concerns about a potential surplus in oil supply next year. [Extracted from the article] |
