The spot market price of Malaysian palm oil rose strongly on November 16th

Comprehensive foreign news on November 16, Monday (November 16), Malaysian palm oil spot market prices rose, mainly due to the Malaysian Derivatives Exchange (BMD) crude palm oil futures market strengthened, exports increased significantly. Crude palm oil for November delivery was quoted at RM2, 290/tonne, up RM90 from Friday (November 13).

Delivered from South Malaysia: November shipment quoted at US$715.00, up US$15 from Friday; December shipment quoted at US$715.00, up US$10 from Friday. FOB Malaysia Port.