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Palm oil prices fell during the week on weaker soyoil prices and higher-than-expected Malaysian February crop data. Coconut oil remains weak, while drier weather in Asia could tighten supply in the second half of the year.
Bearish near-term demand and output data weigh on palm prices, but forecast dry weather in Asia could offset this later in 2019.
tmduche.comFeb 27, 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.
