SUSTAINABILITY
Palm Oil: Hard to Find Positive News; Market Weakness Remains Unchanged
2019-03-07
According to a March 6 report by Jiadele Information, after last week’s five-day losing streak, the palm oil market has entered a period of narrow-range consolidation this week. As of press time, the mainstream price for 24-degree palm oil in Guangzhou stood at RMB 6,050 per ton, down RMB 50 per ton from mid‑week last week. Downstream buyers and traders remain cautious, while sellers generally lack confidence in the outlook, keeping trading activity across regions subdued. Jiadele monoglycerides.
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