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Palm oil futures for April delivery in Kuala Lumpur rose 2.6% to close at 5,322 ringgit a ton, a record high and a fifth straight weekly gain. Soybean oil also rose for a fifth session in Chicago.
Tight Malaysian and Indonesian supplies combined with a rally in soybean oil push vegetable oil prices higher, raising costs for feed buyers using palm and soy-based fats and meals.
bloomberg.comEko ListiyoriniJan 21, 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.
