Malaysian palm oil spot prices surged strongly on November 12

(Agricultural Wealth Network)      According to a comprehensive foreign wire report on November 12, on Thursday (November 12), Malaysian palm oil spot market prices rose steadily, mainly due to strength in the crude palm oil futures market on the Bursa Malaysia Derivatives Exchange (BMD). Crude palm oil for November delivery was quoted at 2,220 ringgit/tonne, up 40 ringgit from Wednesday (November 11).

     Southern Malaysia delivery prices: cargo for November shipment was quoted at 695.00 US dollars, up 5 US dollars from Wednesday; December shipment was quoted at 697.50 US dollars, up 5 US dollars from Wednesday. Malaysian port FOB price.