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Malaysian palm oil futures rose from a more than three-year low on Wednesday, helped by a weaker ringgit. The benchmark touched its lowest since August 2015 a day earlier, falling 4.4 percent over three sessions to Tuesday.
Soft demand and high inventories continue to pressure palm oil prices, and a weaker ringgit provides only a brief lift to ringgit-denominated futures. Palm oil remains weighed down by surplus supply.
thestar.com.myThe Star OnlineNov 28, 2018Not 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.
