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Malaysian palm oil futures fell 1% to a two-month low of 3,624 ringgit per tonne on Jan 3 for a fourth straight session. Traders cited soft demand and weaker soybean prices, though robust Indian imports limited the decline.
Weak demand and cheaper competing soyoil push palm oil prices lower, reducing vegetable oil costs for feed buyers.
brecorder.comReutersJan 4, 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.
