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Palm oil prices surged to a two-year high in the week before October 28, lifting the broader edible oils and fats complex. Commentary notes stagnating palm output and shrinking sunflower and rapeseed production, while eurozone economic weakness and possible ECB rate cuts are part of the backdrop.
Tight palm supply and shrinking sunflower and rapeseed output support higher vegetable oil prices, which tends to lift soyoil and palm oil and can curb demand for oils.
aveno.beAvenoOct 28, 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.
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.
