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Malaysian palm oil futures posted their biggest daily gain in six weeks, closing up 2.19% at 3,773 ringgit per tonne. Traders cited stronger rival oils, crude recovery and a weaker ringgit ahead of an industry conference.
Gains in soyoil and crude and a weaker ringgit make palm more attractive to buyers, supporting near-term palm prices.
brecorder.comReutersSep 28, 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.
