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Shares of major palm oil producers jumped as palm oil prices looked set to hit another record high. The world's largest palm oil company by planted area was up 13% in late Asian trading.
The move reflected expectations of tight edible oil supply.
Equity gains among producers signal market expectations of higher palm oil prices driven by tight supply, which in turn raise the cost of vegetable oils used in feed.
wsj.comChester TayOct 6, 2021Not 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.
