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Malaysian palm oil futures posted their biggest one-day loss in over three weeks on Feb 8, falling 1.63% to 5,446 ringgit after a record high the previous day. The drop followed weaker rival oils and profit-taking, while Indonesia issued export permits for about 310,000 tonnes of crude palm oil.
Softer rival vegetable oils and profit-taking pressured palm prices, though low production and Indonesia's permit regime continue to limit near-term supply.
brecorder.comReutersFeb 9, 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.
