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Malaysian palm oil futures reversed early losses to close 0.26% higher at 3,430 ringgit a tonne, extending a second session of gains. Sluggish exports and poor demand from top buyer India, where rival oils are priced more competitively, limited the rise.
Persistent weak demand and competitive rival oils cap any rebound in palm prices despite the small intraday recovery.
kitco.comMay 3, 2023Not 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.
