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Some Malaysian palm oil millers have temporarily halted production after crude palm oil prices fell about 22% in June. Millers say they cannot afford to buy fresh fruit bunches at current prices and are facing losses.
Buyers were offering around 4,700 ringgit per tonne for CPO.
Mill shutdowns cut near-term processing and may tighten local supply, but the price collapse itself reflects weaker demand after Indonesia's export ban ended. Continued price weakness and halted production point to volatile palm oil markets.
financialpost.comReutersJun 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.
