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Palm oil headed for a second weekly gain on supply concerns and a weaker ringgit that made it cheaper for overseas buyers. Palm for January rose 1.1 percent to 2,897 ringgit per tonne, and soybean oil in Chicago gained 0.4 percent.
Tighter stockpiles and a lower production outlook support palm oil prices, while softer exports to India after festival buying could cap gains.
thestar.com.myThe Star OnlineOct 16, 2020Not 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.
