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Malaysian palm oil futures rose to a seven-week high on Monday, tracking gains in soyoil and rapeseed oil. Gains were capped by a 8.15% fall in February Malaysian palm product exports to 1 million tonnes.
Rally in rival oilseeds lifts palm prices, while weaker exports limit upside. Indian buyers stepping up purchases ahead of Ramadan could support demand.
brecorder.comReutersMar 1, 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.
