Loading…
Malaysian palm oil futures fell over 2% to their lowest in more than two months as traders anticipated lower shipments after Indonesia cut its export fees. Weaker soyoil and crude oil prices also weighed on the market.
Expectations of Indonesian export recovery and softer energy and soyoil prices reduce demand support for palm oil, pressuring vegetable oil and biodiesel feedstock values.
brecorder.comReutersJun 15, 2022Not 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.
Palm oil hit a two-month low on Indonesia's export fee cut, with weaker soyoil and crude also weighing, signaling a bearish vegetable oil complex.
