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Edible oil prices firmed in early July, with Kuala Lumpur palm oil futures rising above 4,000 ringgit per tonne for the second time since mid-April. Brent crude rose more than 6% in June, and the euro gained as eurozone inflation stayed high.
Stronger crude and soyoil prices support palm oil through biofuel substitution, while expected lower Malaysian June output tightens supply.
aveno.beAvenoJul 8, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
