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Malaysian palm oil futures fell over 1% on July 3 to the lowest in a week, pulled down by overnight losses in U.S. soyoil and weak Malaysian June exports. AmSpec and SGS reported June exports down 10.3% and 11.8% month on month.
Sharp export declines and soyoil weakness reduce near-term vegetable oil demand, pressuring palm and soyoil prices.
business-standard.comReutersJul 3, 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.
