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Crude palm oil futures on Bursa Malaysia reversed earlier losses, supported by stronger soybean oil in Asian trade and a crude oil rebound. Malaysia's palm exports for September 1-5 rose 9.2% year on year, according to Intertek.
Spot-month contracts closed about RM29 higher.
Stronger soyoil and crude prices and firm early-month exports support palm oil prices, and related vegetable oils move with it. Export strength signals firm near-term demand.
malaysianewsgazette.comSep 5, 2024Not enough comparable past events yet for a historical read.
Not 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.
