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Malaysian palm oil futures rose in early trade on Wednesday, helped by a weaker ringgit and firmer related oils on China's Dalian exchange. The ringgit hit its weakest level against the dollar since the start of the year.
Palm has declined about 5.8% since early June on weaker demand.
A weaker ringgit makes palm cheaper for foreign buyers, which can support export demand and prices. The gain is modest, however, because demand remains weak.
sg.finance.yahoo.comEmily ChowJun 27, 2018Not 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.
