Malaysian palm oil has demonstrated five consecutive growth sessions
Per week palm oil price increased by USD 30 to USD1,062.00/t.
Global oil markets rose on January 22-31: the price of soybean oil fell by 6.5% and palm oil rose by 2.9%. The price of sunflower oil fell by 2.6% and is losing price competition to other oils. Demand for sunflower oil remains subdued.
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