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SunSirs: Palm Oil Prices Rose on March 9
March 10 2022 10:17:38SunSirs(John)

Analysis review

According to the monitoring data of SunSirs, starting in March, affected by the auction of soybean oil by the State Reserve, the palm oil market showed a correction for a time. However, the tight supply of palm oil in Malaysia has not eased, and the supply of palm oil was still tight. After the correction, it ushered in a sharp rise again. On March 9, palm oil continued to rise, the mainstream quotation came to 14,000 RMB/ton again, and the spot price of palm oil was 13,860 RMB/ton, an increase of 1.76% over the previous working day.

Market outlook

In the short term, domestic palm oil prices will fluctuate at a high level.

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