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