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Palm oil futures rose more than 1% on June 19 as traders bet that upcoming export data would beat forecasts. The September contract closed up 1.2% at 2,047 ringgit per tonne.
Surveyors had reported export falls of more than 15% for the June 1-15 period.
Expectations of a stronger export data print supported palm prices, but the reported export declines leave the rally vulnerable if actual figures disappoint.
dawn.comReutersJun 20, 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.
