Loading…
Malaysian palm oil futures reversed early gains to close lower on Friday, though they gained about 4% for the week. Strong Indian and European demand and a weaker ringgit supported prices, while higher mid-term inventories and revised Indian duties weighed.
Robust import demand and a weaker ringgit make palm cheaper for buyers, but high stocks cap the upside.
brecorder.comReutersAug 18, 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.
