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Shipments of palm-based biodiesel (PME) from Southeast Asia rose in the first quarter as Brent crude climbed 27% while palm oil stayed flat. China and Europe are buying, and palm oil stocks in Malaysia remain high.
A wide discount of palm oil to diesel supports biodiesel demand and offers a floor for palm prices, though high inventories limit gains.
themalaysianreserve.comDzulApr 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.
