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Palm oil fell from a six-month closing high as crude and soyoil prices declined. Crude dropped after China's Finance Ministry briefing offered no new stimulus for consumption.
Lower crude and soyoil reduce the biofuel appeal of palm oil, which pressures vegetable oil prices. Weaker energy prices can ease feed fat costs.
bloomberg.comEko ListiyoriniOct 14, 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.
