Palm Oil Surges To Two-Year High On Firm Exports And Crude Rally
Palm Oil Surges To Two-Year High On Firm Exports And Crude Rally
The strong demand, coupled with supply woes in part due to aging trees, has pushed palm oil up more than 30% so far this year.Palm oil rallied for a third day to its highest level in more than two years on strong demand amid concerns over tightening supply.
棕櫚油因需求強勁，供應收緊等擔憂，已連續第三天上漲至兩年多來的最高水平。
Shipments in October from Malaysia climbed 11% from the month before on stronger exports to India, China and the European Union, according to cargo surveyor Intertek Testing Services.
馬來西亞10月份的出貨量比上個月上升了11%，這主要是因爲向印度、中國和歐盟的出口增加，根據貨物檢測機構Intertek Testing Services的調查。
The world's most widely used cooking oil also tracked gains in crude oil, which boosted palm's appeal as a biofuel feedstock. Palm oil is set to get an additional demand boost from Indonesia early next year, when the nation plans to increase the volume of tropical oil used in its biofuel mix.
作爲全球最廣泛使用的烹飪油，棕櫚油也跟隨原油走高，這提高了棕櫚油作爲生物燃料原料的吸引力。棕櫚油將在明年初得到印度尼西亞的額外需求推動，屆時該國計劃增加用於生物燃料混合物中的熱帶油量。
The strong demand, coupled with supply woes in part due to aging trees, has pushed palm oil up more than 30% so far this year.
強勁的需求，加上部分老化樹木帶來的供應問題，今年迄今已將棕櫚油推高了超過30%。
With increased seasonal consumption, constrained supply and more biodiesel support, the rally could extend through the first quarter of 2025.
隨着季節性消費增加、供應受限以及更多的生物柴油支持，這波漲勢可能持續到2025年第一季度。
譯文內容由第三人軟體翻譯。
