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Malaysian palm oil futures fell for a third straight session on September 28, weighed by weaker rival oils and rising Malaysian output. The benchmark December contract slipped 0.1% to 4,391 ringgit a tonne, with crude oil gains limiting losses.
Routine price moves driven by rival vegetable oils and rising production point to softer near-term palm pricing. Higher crude prices, however, make palm more attractive for biodiesel.
spglobal.comSep 10, 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.
