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Malaysian palm oil futures rose for a second session but traded in a tight range. Malaysian production for June 1-20 was forecast to fall 6.3% from a year earlier, and exports for June 1-25 fell 16-17% from May.
India also allowed limited duty-free imports of several edible oils and other products under a tariff-rate quota.
Lower Malaysian output forecasts and weaker exports tighten near-term palm supply, which supports prices. India's TRQ import allowances add some offsetting import flexibility.
tradingview.comJun 27, 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.
