Malaysia palm oil spot prices surge strongly on November 16

    Comprehensive foreign news on November 16: On Monday (November 16), Malaysia palm oil spot market prices rose, mainly due to the strength in the crude palm oil futures market on the Bursa Malaysia Derivatives (BMD) and a sharp increase in exports. The quotation for crude palm oil for November delivery was 2,290 ringgit/tonne, up 90 ringgit from last Friday (November 13).

    Southern Malaysia delivery prices: the quotation for cargoes with November shipment was 715.00 US dollars, up 15 US dollars from last Friday; the quotation for December shipment was 715.00 US dollars, up 10 US dollars from last Friday. Malaysia port FOB price.