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Malaysian palm oil futures extended losses, snapping three sessions of gains as Chicago soyoil fell and traders took profits. The September contract dropped 0.46% to 4,075 ringgit per metric ton.
Exports of Malaysian palm products for June 1 to 15 rose 26.3% from the previous period, according to Intertek.
Palm tracks rival edible oils, so weaker soyoil pressures palm prices in the short term. Strong export shipments are a bearish signal on the supply side.
brecorder.comReutersJun 17, 2025Not 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.
