Live Breaking News & Updates on Indonesia Palm Oil Board|Page 3
Stay updated with breaking news from Indonesia palm oil board. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Indonesia Palm Oil Fund Management Agency (IPOFMA) continues to optimize the strategic approach to expand the market for Indonesia s palm oil products. This ....
Palm prices may hit nine-year high in turbulent 2021 Palm oil production in the world’s top two producing countries is expected to recover and drive volatility in prices this year, which are likely rise to nine-year highs, a Reuters poll showed. Malaysia’s benchmark palm oil contract kicked off the year at near decade-high levels of 3,800 ringgit ($940.13) due to a supply crunch in global edible oils. Prices are, however, forecast to average at 2,800 ringgit ($694.96) a tonne this year, its highest since 2012, compared with 2,685 ringgit last year, according to the median estimate from a poll of 18 analysts and industry players. “2021 is going to be more turbulent. The market is expected to face more volatility because crude palm oil price has gone way beyond expectations,” said Christopher Chai, general manager with Kwantas Corp. ....
Palm oil production in the world's top two producing countries is expected to recover and drive volatility in prices this year, which are likely rise to nine-year highs, a Reuters poll showed. ....