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Malaysian palm oil futures rose for a fourth session on Monday to a three-week high of 3,886 ringgit per tonne. Support came from prospects of stronger Indonesian demand, while Malaysian palm product exports for August 1-25 fell 14.9% from July.
Indonesian biodiesel demand expectations support palm prices, but weaker Malaysian export shipments limit gains as supply is available.
brecorder.comReutersAug 26, 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.
