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Malaysian palm oil futures ended slightly lower on Friday after giving up early gains. The benchmark August contract fell 8 ringgit to 3,886 ringgit per tonne, as production was expected to rise in May and exports fell 8-10% in the first three weeks of the month.
Rising Malaysian output and softer export pace add supply and weigh on palm prices, though palm's discount to rival soft oils may help regain export share.
brecorder.comReutersMay 25, 2024Not 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.
