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Malaysian palm oil futures edged up on Monday, snapping two sessions of declines, supported by gains in US soyoil and a weaker ringgit. The January Bursa Malaysia contract rose 0.6% to 2,237 ringgit a tonne, with the ringgit at its weakest since November 2017.
Palm oil tracks competing vegetable oils and currency moves, so firmer soyoil and a weaker ringgit lift Malaysian palm prices, supporting feed-fat costs modestly.
dawn.comReutersOct 23, 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.
