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Analyst Dorab Mistry forecast Malaysian palm oil will fall to 2,100 ringgit a tonne within two months as output rises from July. Prices were flat at 2,315 ringgit on June 28 but had lost 4.7% in June on weak Indian demand and Malaysia's reinstated export tax.
Expected seasonal output increases and weak Indian import demand point to lower palm prices, and palm could gain share against soyoil if China shifts feed use toward DDGS.
sg.finance.yahoo.comReutersJun 28, 2018
moneycontrol.comReutersJun 28, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
