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Malaysian palm oil futures fell for a second session on Monday as a stronger ringgit and the Dalian exchange holiday weighed on prices. The December contract closed at 3,998 ringgit a ton, though it gained 0.53% over September.
Palm trading at a premium to rival oils is limiting buying interest, and the stronger ringgit makes Malaysian palm more expensive for foreign buyers, pressuring prices.
brecorder.comReutersSep 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.
Reports palm futures falling on Sept 30 on a stronger ringgit and the Dalian holiday, so it covers the same trading day, though it shows a decline and does not clearly explain the large 3.91% move.
