Malaysian palm oil price sees strongest daily gain in 5 months


Higher biodiesel usage is an important factor behind improving CPO prices in 2016, as CPO is the main raw material for biodiesel.

KUALA LUMPUR: Malaysian palm oil futures clocked up their biggest daily gains in over five months in late trade on Wednesday, tracking rival edible oils and on a bullish export outlook for April due to Ramadan demand.

The month-long Ramadan sees Muslims in regions such as India and the Middle East consume more palm oil, as they break day-long fasts with meals.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Tafi not proceeding with diversification
M’sia’s wealthiest grow fortunes by 30% in 2025
Call for resolution of MSME digital grant delays
Favourable outlook for oil and gas sector
Dividend hike to boost LBS Bina appeal
Ng Yoon Thai becomes Plenitude CEO
Business winners say talent critical for success
Bank Rakyat declares 18% dividend for FY25, highest in a decade
LNG surge a ‘wake-up call’ over import reliance
Uzma bags repeat PETRONAS well solution jobs

Others Also Read