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Malaysian palm oil futures rose slightly on Thursday, with the February contract up 0.59% to 3,895 ringgit at the close. Better-than-expected November export volumes, estimated up 2% to 11% month on month, supported prices.
A lack of fresh orders from importers limited gains.
Stronger export pace and restocking by China and India support near-term palm demand, while Indonesia's higher export duties and reference price lift the floor for Asian palm prices. Thin new buying keeps the upside limited.
brecorder.comReutersNov 30, 2023Not 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.
