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Palm oil export prices rose in late April per USDA data, with Indonesian and Malaysian quotes up $75 and $103 per tonne. Malaysian palm prices averaged 4,142 ringgit per tonne in April, but fell 12% over the month to end at 3,813 ringgit.
Palm oil export prices rebounded from April lows while soybean oil and meal eased on ample global supply. Mixed moves across vegetable oils suggest limited direction for feed-related oil and meal costs.
megalac.comMay 2, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
