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Malaysian palm oil futures gave back sharp gains from the previous session, trading 1.02% lower at 3,386 ringgit a tonne in early trade. Sluggish April exports, down 18% to 21% depending on the surveyor, and unattractive prices against rival oils weighed on sentiment.
Palm's price disadvantage against soyoil and sunflower oil is curbing buying, which keeps palm prices under pressure.
kitco.comMay 3, 2023Not 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.
