Malaysian palm oil futures slipped below MYR 4,800 on March 31, snapping a three-session rally on profit-taking and weaker soyoil. Futures were still on track for a monthly gain of about 17.6%, the largest since April 2022, while Indian March imports were projected to fall to 680,000 tonnes.
Softer Indian import projections weigh on demand, but strong crude-driven biofuel interest keeps the market firm. Indonesia's B50 reaffirmation remains the key support.
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.