According to the monitoring data of SunSirs, on November 1, the average price of palm oil in the domestic market was 8,566 RMB/ ton. The market rose sharply, and the spot price rose 3.28% on a single day. The market of Mapan palm oil rose sharply, domestic palm oil futures rose, and spot prices rose with the market. In addition, palm oil is cheaper than soybean oil and rapeseed oil. In the peak oil consumption season, the price of palm oil continues to rise, supported by rigid demand. Future forecast: The bullish factors are still there, and palm oil still has room to rise in the future.

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