World Largest Producers of Palm and Crude Oil [2023]

Palm oil is produced in many countries worldwide, with the most prominent producers being Indonesia and Malaysia. These two countries together account for around 85% of global palm oil production. Other significant producers of palm oil include Thailand, Colombia, and Nigeria.

Crude oil is also produced in many countries around the world. Some of the largest crude oil producers include Saudi Arabia, Russia, the United States, and Iraq. These countries are among the producers of crude oil, but there are many other countries that also produce significant amounts of crude oil, such as Canada, Iran, and Venezuela.

Palm oil in the stock market?

Stats of palm oil got varied in the stock market, but now it’s supplied at 4200MYR per tonne. Which amount in Dollars is $957.16. The benchmark set by Palm oil is last year in March when it reaches 7300 MYR. The lowest Palm oil rate was in last year 28 Sep 2022 3059.7MYR. From Nov, to now it keeps maintained its position between 3190.9 to 4200 MYR.

1. Palm Oil expected to trade in this quarter is 3992.43 MYR.
2. estimate trade in 12 months is 3493.64 MYR

However, I can tell you that palm oil is an important commodity that is traded on various stock exchanges around the world, including the Bursa Malaysia and the Jakarta Stock Exchange. The price of palm oil can be influenced by a variety of factors, including global demand for the commodity, weather conditions in major producing regions, and economic conditions in key importing countries.

Buy and Sell Crud oil Stock Exchanges in the World

Crude oil is a major commodity that is traded on various stock exchanges around the world. Some of the major exchanges where crude oil is traded include:

• New York Mercantile Exchange (NYMEX): This is a major commodity exchange based in the United States, where crude oil futures contracts are traded.
• Intercontinental Exchange (ICE): This is a global exchange based in London, where crude oil futures contracts are traded.
• Dubai Mercantile Exchange (DME): This is a commodity exchange based in Dubai, where crude oil futures contracts are traded.
• Tokyo Commodity Exchange (TOCOM): This is a commodity exchange based in Japan, where crude oil futures contracts are traded.
• Shanghai International Energy Exchange (INE): This is a commodity exchange based in China, where crude oil futures contracts are traded.

In addition to futures contracts, crude oil is also traded through various over-the-counter (OTC) markets, where buyers and sellers can enter into contracts directly with each other.

What do Investors need to check while purchasing or selling Palm and crude oil in the market?

There are several factors that investors may want to consider when buying or selling palm oil or crude oil in the market:

1. Supply and demand: Investors should keep an eye on global demand for these commodities, as well as supply levels. Factors that can affect demand and supply include weather conditions, economic conditions, and geopolitical events.
2. Price trends: It can be helpful to study the historical price trends of these commodities, as well as any current market trends, to try to anticipate future price movements.
3. Production costs: The cost of producing these commodities can have an impact on their prices. Investors should be aware of the costs associated with producing palm oil and crude oil, as well as any changes in these costs over time.
4. Political and economic conditions: Political and economic conditions in key producing and consuming countries can also affect the prices of these commodities. For example, if there is political instability in a major oil-producing country, it could disrupt production and lead to price fluctuations.
5. Storage and transportation costs: The costs of storing and transporting these commodities can also impact their prices. Investors should consider these costs when making investment decisions.