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Malaysian palm oil futures fell nearly 2% to 2,000 ringgit per tonne on Monday after a one-week high. Traders cited concerns over high stockpiles and expectations that Indonesia would remove its palm oil export levy.
Expected removal of Indonesia's export levy would make Indonesian palm oil cheaper to export, adding supply competition and pressuring Malaysian palm prices.
thestar.com.myThe Star OnlineDec 3, 2018Not 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.
