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Malaysian palm oil futures rose as much as 3.35% on Thursday, extending gains with a rally in rival soyoils. Reports of China restocking 2 million tonnes of soyoil and lower Indonesian output also supported sentiment, while a sharply stronger ringgit limited gains.
Expected Chinese restocking and lower Indonesian supply support vegetable oil prices, though currency strength caps the rally.
brecorder.comReutersAug 13, 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.
