Crude palm oil surged as the markets followed the rise in oil prices.
After crude oil prices topped $90 per barrel, the CPO futures contract for January delivery reached $823 per metric ton.
However, soybean oil futures were down as the rise in oil prices was offset by announcement of an increase in supply as shipments from Madhya Pradesh and western Maharashtra in India more than doubled average Indian weekly production figures. The November futures contract fell 0.05 percent to $12.25.
In Malaysia, palm oil futures began the year with a sudden rise of more than $40 per barrel as concerns rose that increased unrest in the Middle East may interrupt fuel supply. Crude oil has risen to ...
Malaysian crude palm oil rose to an all-time high of $956 per tonne, tracking rises in oil and soybean prices. Oil reached a record $100 per barrel today....
Researchers from Michigan State have estimated that the growth of a corn monoculture was costing soybean producers up to $60 million in lower yields and increased reliance on pesticides, from the loss...
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Palm oil futures rose to a record $901 per ton yesterday on the Malaysian Derivatives Exchange. This translates to a producer cost of $3.15 per gallon, or about 40 cents higher than the current US cos...
In Malaysia, a report by TransGraph projected that palm oil futures in Malaysia could fall as much as 4.7 percent by the end of October due to increased production in India. Price points were $723 per...
