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Malaysian palm oil futures moved in a narrow range over the week, with losses on concerns about high inventories and gains on stronger US soyoil and a weaker ringgit. Benchmark July contracts reversed and closed flat on April 24 after hitting a one-week low.
This is routine price commentary with no new supply or demand cause, so it signals little change in the palm oil price trend beyond the soyoil and currency links.
brecorder.comApr 25, 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.
