Malaysia palm oil assoc sees near-term prices at 4,000 rgt/T as supply tightens

Malaysia’s benchmark crude palm oil prices are expected to stay supported at 4,000 ringgit ($885.15) a tonne in the near term due to tight availability of surplus, the Malaysian Palm Oil Association (MPOA) said on Saturday. Production in the world’s second largest producer in 2023 is forecast...

https://www.hellenicshippingnews.com/malaysia-palm-oil-assoc-sees-near-term-prices-at-4000-rgt-t-as-supply-tightens/

Dollar slides as Fed rate hike expectations trimmed on SVB collapse

The dollar fell on Monday on heightened expectations the Federal Reserve will be less aggressive with monetary policy as authorities stepped in to limit the fallout from the sudden collapse of Silicon Valley Bank. The U.S. government announced several measures early in the Asian trading day, saying...

https://www.hellenicshippingnews.com/dollar-slides-as-fed-rate-hike-expectations-trimmed-on-svb-collapse/

Record-breaking fuel demand in India surges 5% with cheap Russian oil boost

Fuel demand in India hit its highest level in at least 24 years in February amid a boost in the country’s industrial activity by cheap Russian oil, latest official data revealed. The country’s fuel consumption rose by more than 5 percent to 4.82 million barrels pre-day – or 18.5 million tonnes – in...

https://www.hellenicshippingnews.com/record-breaking-fuel-demand-in-india-surges-5-with-cheap-russian-oil-boost/

Wheat rises for second session on weaker dollar; Black Sea deal in focus

Chicago wheat futures gained more ground on Monday, underpinned by a weaker U.S. dollar, with the market’s focus on talks this week to renew a Black Sea deal that will allow Ukraine to continue shipping grains. Soybeans and corn rose on support from a severe drought that will impact output in key...

https://www.hellenicshippingnews.com/wheat-rises-for-second-session-on-weaker-dollar-black-sea-deal-in-focus/

India jostles with China for April ESPO crude from Russia, prices jump

Private Indian refiners are jostling with independents in China for Russian ESPO crude loading in April, pushing prices higher after Moscow lowered exports of its flagship grade Urals, industry sources said. China, which is set to import record volumes of Russian crude in March, typically sweeps up...

https://www.hellenicshippingnews.com/india-jostles-with-china-for-april-espo-crude-from-russia-prices-jump/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon