Daily Archives: July 8, 2022

Renewed Demand From China and India Helps Palm Oil Price Rise

Palm oil climbed for a second day on fresh demand from top buyers India and China after a recent selloff, with a rally in rival soybean oil prices further supporting the market.     Futures for September delivery jumped as much as 4.2% to 4,314 ringgit ($975) a ton, before closing at 4,163 ringgit in Kuala…

Minister Luhut Attributes Palm Oil Industry for May’s Strong Exports

Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan in a statement on Thursday claimed that Indonesia has become one of the most prominent exporters on the global stage. He said it had helped the country overcome economic challenges amidst the world’s energy and food crisis, attributing the palm oil industry as the main driving force.…