Malaysian palm futures rose on Wednesday, for the third session in a row. This was boosted by the firmer Chicago soyoil as well as production concerns.
Palm oil is not the cheapest oil in the world, despite being the most abundant vegetable oil. Supply concerns have driven up the price by almost 30% this year.
The European spot prices for Wednesday were split from Tuesday. German spot prices rose due to a falling wind supply, and a rise in demand was expected.