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Palm oil prices are rising on recovering demand from China and India. Labor shortages in producing countries caused by the coronavirus pandemic are also tightening supply.
The Bursa Malaysia index price was 3,064 ringgit a ton in mid-October, up 38% year on year.
Stronger Asian import demand combined with reduced output supports palm oil prices. Higher palm prices also lift the cost of competing vegetable oils and the wider edible oil complex used in feed.
asia.nikkei.comRURIKA IMAHASHI, ERWIDA MAULIA, Nikkei staff writers2020年10月25日在过去 133 次看涨的贸易事件之后，棕榈油 在 5 个交易日内中位数变动 +0.7%（64% 上涨；中间一半区间为 -0.8% 至 +2.3%），20 个交易日内为 +1.7%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
