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Analysts expect profit-taking in Malaysian crude palm oil futures next week after a two-week rally, with trading likely between 2,000 and 2,100 ringgit per tonne. Physical demand is seen weak because China is cautious and Indonesia and Malaysia hold large stocks, while MPOB July trade data is awaited.
Heavy regional stocks and cautious Chinese buying weigh on palm prices, suggesting near-term downside unless speculative buying or new data changes the picture.
sarawaktribune.comAug 10, 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.
