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Malaysian palm futures ended a six-week rally with a weekly drop of about 2.6%, even though they closed higher on Thursday. Traders cited lower expected production and strong demand from key destinations.
Investors were also watching the Iran-Israel ceasefire and crude oil prices.
Mixed signals from lower output and steady demand against profit-taking leave palm prices near balance. Stronger crude oil also supports palm's appeal as a biodiesel feedstock.
worldenergynews.comJun 26, 2025Not 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.
