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在线博彩平台:Palm oil price climbs

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Futures for October delivery soared 5.1% to close at RM4,076 a tonne in Kuala Lumpur.

KUALA LUMPUR: Palm oil jumped to the strongest in over a week following a surge in soybean oil after the US senate passed a bill that supports biofuel production and on signs of a recovery in demand in China, the No 2 importer.

Futures for October delivery soared 5.1% to close at RM4,076 a tonne in Kuala Lumpur.

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Soybean oil, palm’s closest substitute for food and fuel, advanced more than 1% after jumping 4.2% on Friday.

A rally in soybean oil bolstered other vegetable oil markets including palm oil, despite estimates for higher palm oil stockpiles in top grower Indonesia and in Malaysia, said Anilkumar Bagani, head of research at Sunvin Group. — Bloomberg


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  • 2022-09-02 00:14:44

    Christopher Clark from Ely Langley Greig in Eastleigh added “Demand still outstrips the limited supply coming to the market, but the future is looking difficult as lenders become more wary and buyers are squeezed financially.” — Bloomberg远超预期