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Malaysian palm oil futures rose 0.49% on December 1, 2021, recovering from an eight-week low as broader markets rebounded. Malaysian palm oil exports for November rose 13.8% from October, per SGS.
Oil prices clawed back some losses as producers discussed responding to Omicron-related fuel demand threats.
Higher November exports support palm demand, and firmer crude makes palm more attractive for biodiesel. Lingering Omicron fears limit the rebound, leaving prices range-bound.
ukragroconsult.comDec 1, 2021Not 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.
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.
