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The March 2025 Malaysian crude palm oil futures contract gained about 2.5% over the week to RM4,587 per ton on December 27. Gains were driven by bargain buying and a weaker ringgit, while weak export data and low year-end buying limited the rise.
Soyoil and palm contracts also rose in China.
Weekly gains reflect firm but range-bound palm oil prices, with a softer ringgit slightly improving export competitiveness for vegetable oil supplies.
palmoilmagazine.comPalmoilmagazineDec 30, 2024Not enough comparable past events yet for a historical read.
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.
