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Malaysian palm oil futures fell more than 1% to 4,891 ringgit per tonne, extending losses for a second session. Malaysian exports for October 1 to 10 fell 7.5% from the same period in September.
Analysts said tight global edible oil inventories and expected output shortfalls continued to support prices.
Weaker near-term export demand pressures palm prices, but tight inventories and low production expectations are likely to limit losses for vegetable oil 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.
