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Malaysian palm oil futures closed at a one-week high on concerns about tight global edible oil supply, though weak August exports and a firmer ringgit limited gains. Indonesia may delay its B40 biodiesel plan because high palm prices make the program too costly.
Global edible oil tightness and a possible delay to Indonesia's B40 mandate leave palm prices supported but sensitive to demand from biodiesel, which affects soybean oil and meal balances.
brecorder.comReutersAug 26, 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.
