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Malaysian palm oil futures fell for a second straight session, down 1.6% to 3,679 ringgit a metric ton, and logged a second monthly loss of 2.4% in October. Analysts cited rising stockpile expectations and weakness on the Dalian exchange as China's factory activity returned to contraction.
Higher expected Malaysian output and softer Chinese demand point to ample palm supplies and lower vegetable oil prices in the near term.
brecorder.comReutersOct 31, 2023Not 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.
