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Malaysian palm oil futures closed lower on May 16 as traders awaited Malaysia's export data. The August contract fell 1.32% to 3,804 ringgit per tonne, and early-May exports fell 5-18% according to cargo surveyors.
Concerns about rising production and weaker exports weigh on palm prices, while firmer rival oils offer limited support.
agriinsite.comXMMay 17, 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.
