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Malaysian palm oil production began declining in October after a strong run, according to MPOC. The council says CPO prices are poised to hold above RM4,750 per tonne amid supply uncertainties.
Lower output heading into the season supports palm oil prices, which tend to pull up rival vegetable oils and feed-relevant palm kernel and oil-based products. Buyers should expect firm edible oil and palm-linked feedstock costs.
mpoc.org.myNov 18, 2024Not 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.
