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Malaysian palm oil futures rebounded on July 1 from a seven-month low, closing up 0.31% at 1,957 ringgit per tonne. Gains followed rival soyoil, but expected higher output and weak exports limited the rise, and palm fell 7% in the June quarter.
Rising production expectations and weak exports cap palm oil prices despite short-term support from soyoil and crude oil.
thestar.com.myThe Star OnlineJul 1, 2019Not 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.
