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Malaysian palm oil futures fell for a third session, down 1.64% to 4,905 ringgit, as rival Dalian vegetable oils weakened and crude palm oil selling pressure persisted. India's October palm imports rose 60% from September to 845,682 tons, and Indonesia reaffirmed its B40 biodiesel plan for January 2025.
Weaker rival oils and selling pressure push palm prices lower in the short term, while strong Indian import demand and the B40 mandate provide underlying support. Buyers may see choppy vegetable oil prices.
brecorder.comReutersNov 14, 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.
