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Malaysian palm oil futures rose nearly 1% in early trade on April 2, a second straight session of gains, to 2,448 ringgit a tonne, the strongest since March 22. Gains were supported by stronger soyoil on CBOT and related oils on Dalian, plus firm export demand ahead of Ramadan.
Stronger rival vegetable oils and steady Middle East demand lift palm oil prices, which feed into the broader edible oil complex that competes with soy-based feed inputs.
reuters.comApr 2, 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.
