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Palm oil prices fell further this week as rising output offset any recovery, and soybean prices hit a 10-year low early in the week. Coconut oil and desiccated coconut prices stayed weak, and Philippine buyers were reducing volumes.
The commentary cites the US-China trade dispute and possible European bans on palm oil as additional pressure.
Oversupply in palm and soy oils, combined with trade and biofuel-policy uncertainty, keeps edible oil prices under pressure. Lower prices lower the cost of vegetable oil inputs for feed and rendering.
tmduche.comSep 24, 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.
