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Malaysian palm oil futures posted a fifth straight daily loss on Thursday, hitting their lowest level in two months. The decline was attributed to weakening exports and persistently high inventories.
Sustained export weakness and high stocks point to downward pressure on palm oil prices in the near term, with knock-on effects for competing vegetable oils.
thestar.com.myThe Star OnlineFeb 28, 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.
