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Malaysian palm oil futures fell for a second day on May 11, sliding 2.1% to 3,631 ringgit a tonne on concerns over rising Indonesian output and weaker Dalian oils. Malaysia's end-April inventories had fallen to an 11-month low.
Expected output growth in Malaysia and Indonesia points to more supply, which tends to pressure palm and related vegetable oil prices.
brecorder.comReutersMay 11, 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.
