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Reuters reports MPOC expects crude palm oil above 4,700 ringgit ($1,154) per tonne in October and the rest of the year. Inventories hit an eight-month high in August as production climbed while exports declined.
High Malaysian stocks are a bearish offset to the weather-driven price support, so buyers should watch stock builds against El Niño supply risks.
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.