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Crude palm oil on Bursa Malaysia fell for a second session on March 31, 2022, to 5,862 ringgit a tonne. The decline followed a drop in crude oil on reports the US may release strategic reserves, while traders awaited March export data.
Weaker crude oil lowers the biodiesel appeal of palm oil and pressures vegetable oil prices. This is a routine price wrap driven by energy moves.
en.infosawit.comAtep Yulianto IrawanApr 2, 2022Not 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.
Repeats the March 31 crude decline on US strategic reserve release reports, but it is secondary coverage.
Restates the Mar 31 decline tied to crude's drop, confirming the energy-linked selling within the window.
Report of the March 31 palm decline tied to falling crude and the US reserve release, with traders awaiting export data; duplicates the core driver.
