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Malaysian palm oil futures were expected to be influenced by the previous day's gains after India's import tax cut. Futures had hit their highest level in nearly two weeks on the first trading day of 2019.
Traders were watching fundamentals for the next session.
This is routine pre-market commentary that repeats the India tariff effect already in prices. It adds little new price information.
thestar.com.myThe Star OnlineJan 2, 2019Not 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.
