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Malaysian palm oil futures extended losses on Monday to a one-month low, closing down 0.47% at 2,109 ringgit a tonne after touching 2,099 ringgit. The decline followed weaker related vegetable oils and crude oil.
Weaker crude and vegetable oil prices reduce the energy and substitution support for palm oil, pressuring feed fat costs. The move is small and reflects routine market trading.
thestar.com.myThe Star OnlineApr 29, 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.
April 29 one-month low on weaker related vegetable oils and crude oil began the slide in the window.
