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Malaysian palm oil futures fell to 4,109 ringgit per ton, their lowest in 17 weeks, as stockpiles were expected to hit a one-year high. Weaker soyoil prices on Dalian, reduced Indian buying and a stronger ringgit added pressure.
Rising Malaysian inventories and weaker demand from India, the top buyer, point to continued downward price pressure for palm oil and related vegetable oils.
Not 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.