Loading…
Malaysian palm oil futures rose as much as 3.2% on Sept. 1 to their highest in nearly seven months, tracking stronger soyoil and Dalian prices.
Hopes of Indian buying ahead of Diwali also supported the market, though Malaysian August exports fell 13-15%.
Stronger soyoil and expected Indian restocking support palm demand, although weaker exports signal some demand softness that caps gains.
brecorder.comReutersSep 1, 2020Not 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.
