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Malaysia's benchmark palm oil futures rose for a third session on Tuesday, supported by gains in rival edible oils. Gains were capped by concern over high palm oil inventories in Indonesia after the export ban ended.
Indonesia's trade minister said India is committed to importing 2.6 million tonnes of palm oil products.
Large Indonesian stocks limit upside for palm oil, while the reported Indian purchase commitment offers some demand support. Net price effect for vegetable oil-based feed inputs is modest.
brecorder.comReutersAug 23, 2022Not 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.
