Asian palm oil prices hit three-month high on stronger rival oils, lower production

Asian crude palm oil prices climbed to their highest level in more than three months on Jan. 28, supported by firmer rival vegetable oils, expectations of lower output in key producing countries, and improving export prospects, market sources told Platts. Platts, part of S&P Global Energy, assessed crude palm oil FOB Indonesia for February loading at $1,115/mt on Jan. 28, up $5/mt from theAsian crude palm oil prices climbed to their highest level in more than three months on Jan. 28, supported by firmer rival vegetable oils, expectations of lower output in key producing countries, and improving export prospects, market sources told Platts. Platts, part of S&P Global Energy, assessed crude palm oil FOB Indonesia for February loading at $1,115/mt on Jan. 28, up $5/mt from theRead More