Palm Oil Jumps Above 4,000 Ringgit Mark to Track Soy Oil, Crude

Palm Oil Jumps Above 4,000 Ringgit Mark to Track Soy Oil, Crude

Palm oil jumped above the 4,000 ringgit mark to track gains in soyoil, which surged on Washington’s proposal to allow refiners to blend a record amount of biofuels into gasoline and diesel next year.

Palm Oil prices edge higher amid emerging market undercurrents

The glimmer of palm oil’s unexpected lift lingers in the air, as prices edge to levels not seen in seven weeks. Beneath that calm lie new pressures reshaping the market dynamic. Over the past three sessions, Malaysian palm oil futures have climbed steadily, outpacing the usual ebb and flow of vegetable oil markets. By mid‑day Monday, the benchmark September contract on Bursa Malaysia surged to around MYR 4,078 per tonne, a leap of roughly 4 per …