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Malaysian palm oil futures fell more than 2% to 4,852 ringgit per tonne, their sharpest intraday drop in nearly a month. Exports for October 1 to 10 fell 9.4% from September, and traders took profits after a record high the prior week.
Malaysian end-September stocks fell nearly 7% month on month, which partly offset the export weakness.
Slowing early-October exports and profit-taking pressured palm prices, though tightening stocks limit the downside for feed fat buyers.
brecorder.comReutersOct 12, 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.
