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Malaysian palm oil futures fell on Friday after the Lunar New Year holiday, with the April contract down 0.44% to 4,260 ringgit a ton by midday. Traders cited uncertainty over a possible 9-10% cut in Indonesian crude palm oil export levies and US President Trump's threatened tariffs on Canada and Mexico.
Soyoil on the Chicago Board of Trade rose 1.22%.
A possible cut in Indonesia's export levy would increase exportable palm supply and pressure prices, while firmer crude oil supports palm's appeal as biodiesel feedstock. Buyers of palm-based feed fats should expect near-term price swings tied to these policy and energy signals.
brecorder.comReutersJan 31, 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.
