Asian crude palm oil prices hit an over-two-month high on July 10, driven by higher Bursa Malaysia futures after lower Malaysian and Indonesian palm output in June. Platts assessed CPO FOB Indonesia at $1,031/mt and CFR West Coast India at $1,075/mt.
Lower June production and robust Indian demand tightened palm supply, lifting physical prices. Buyers of vegetable oil-based feed inputs should expect firm palm prices while output recovery is pending.
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.