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Malaysian palm oil futures closed 0.6% lower on June 18 at 2,022 ringgit per tonne, erasing earlier gains driven by CBOT soyoil and a softer ringgit. Traders responded to speculation of weaker export data for the period.
Softer export expectations and reversal of soyoil-led gains show palm prices are range-bound and sensitive to export data, which affects vegetable oil feed input pricing.
thestar.com.myThe Star OnlineJun 18, 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.
