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.
棕榈油因需求强劲，供应收紧担忧而连续第三天上涨，达到两年多来的最高水平。
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.
马来西亚10月份的出货量比上个月上升了11%，这主要是因为向印度、中国和欧盟的出口增加，根据货物检测机构Intertek Testing Services的调查。
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.
作为全球最广泛使用的烹饪油，棕榈油也跟随原油走高，这提高了棕榈油作为生物燃料原料的吸引力。棕榈油将在明年初得到印度尼西亚的额外需求推动，届时该国计划增加用于生物燃料混合物中的热带油量。
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.
强劲的需求，加上部分老化树木带来的供应问题，今年迄今已将棕榈油推高了超过30%。
With increased seasonal consumption, constrained supply and more biodiesel support, the rally could extend through the first quarter of 2025.
随着季节性消费增加、供应受限以及更多的生物柴油支持，这波涨势可能持续到2025年第一季度。
