Commodity (Oil Palm) - Palm Oil Prices

The prices of crude and processed palm oils are mainly determined by the global supply and demand prospects of :
(a) palm oil,
(b) supply and demand developments of soya oil, rape oil and other competing vegetable oils; and
(c) developments in outside markets, like currency changes, crude mineral oil prices, government interference (import or export taxes or any other government intervention) and other factors.
Palm oil in its crude or in any of its processed form is a commodity traded worldwide in both the cash and futures markets. The Bursa Malaysia Derivatives is the most important futures market for palm oil.However, prices of palm oil are also impacted by changes on the Chicago Board of Trade (primarily from soybean and soya oil futures).