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Malaysian palm oil futures rose on Friday, tracking soyoil and expectations of a small rise in output. Gains were capped by a fall in May exports.
The August contract closed up 0.41% at 2,439 ringgit a tonne.
Expectations of rising output limit palm gains, so the move reflects routine trading rather than a major supply change. Feed buyers should see little change in vegetable oil costs from this move.
thestar.com.myThe Star OnlineJun 1, 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.
