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Malaysian palm oil prices edged up on July 30 to 4,429 ringgit a tonne in early trade, on track for a sixth straight weekly gain. Gains were limited by weaker Chicago soyoil, while the market was supported by stronger soyoil earlier in the week and production concerns.
Persistent weekly gains reflect tight palm supply expectations, but softer soyoil is capping upside and could limit further increases in vegetable oil feed input costs.
ukragroconsult.comJul 30, 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.
