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Crude palm oil prices on the Malaysia Derivatives Exchange fell 0.9% to 3,071 ringgit per tonne, with April 2017 futures under profit-taking selling. MPOB data showed January stocks down 7.6% to 1.54 million tonnes, output down 13% and exports up 1.2%.
Profit-taking after a rally weighs on near-term prices, while lower stocks and output provide some underlying support. The net effect is a softer near-term price outlook.
komoditi.co.idUsman SimanjuntakFeb 14, 2017Not 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.
