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Benchmark crude palm oil prices have risen nearly 25% this year, extending a third straight annual gain, as a pandemic-related labour shortage has constrained output in Malaysia. The contract hit a record 4,560 ringgit a tonne in mid-August.
Tight Malaysian supply supports vegetable oil prices, but high levels are curbing demand from price-sensitive buyers such as India. Analysts expect prices to ease from March, which could soften competition for soy oil and feed-related fats.
reuters.comMei Mei ChuSep 25, 2021Not 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.
