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Malaysian palm oil futures closed down 1.01% at 3,737 ringgit a metric ton on Monday after two sessions of gains. A stronger ringgit and traders awaiting export data and MPOB supply-demand figures, due November 10, weighed on prices.
A stronger ringgit makes palm oil more expensive for foreign buyers, and the pending MPOB data could move prices as stock levels are updated.
brecorder.comReutersOct 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.
