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Malaysian palm oil futures fell 1.77% on July 27 to 3,720 ringgit per tonne, down for a fourth session in five. Malaysian July 1-25 exports fell 2.2% from June, and a large share of export demand has shifted to Indonesia.
Softer demand and Indonesian competition keep palm oil prices under pressure, pointing to lower vegetable oil values for feed and food users.
brecorder.comReutersJul 27, 2022Not 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.
