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Malaysian palm oil futures dipped 21 ringgit to 4,312 ringgit a metric ton, a 6.96% weekly decline. Indonesia's delayed biodiesel plan, a lower crude palm oil reference price, and a 7.8% fall in Malaysian December exports were cited as drivers.
Lower biodiesel demand expectations and softer exports weigh on palm oil prices, with competing vegetable oil moves adding pressure. The price decline reflects reduced near-term demand for palm oil.
finimize.comFinimize NewsroomJan 3, 2025Not 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.
Cites the weekly decline of 6.96% with the delayed biodiesel plan, lower Indonesian reference price and a 7.8% fall in December exports as drivers.
Summarizes the weekly 6.96% drop and cites B40 delay, lower reference price and weak exports as drivers.
