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Malaysian palm oil futures rose early on Wednesday on a weaker ringgit, then pared gains as related edible oils eased. The ringgit fell to its weakest level against the dollar since February 14, and palm oil exports dropped 5.7% in April.
A weaker ringgit makes palm cheaper for foreign buyers, which offset some of the selling pressure. Still, weak export data limits any sustained price rise.
thestar.com.myThe Star OnlineMay 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.
