Loading…
Malaysian palm oil prices eased on trade war concerns and a stronger ringgit. A firmer ringgit makes the edible oil more expensive for foreign buyers.
A stronger ringgit lifts the cost of palm oil for importers, while trade war worries weigh on demand, leaving prices under pressure.
thestar.com.myThe Star OnlineMay 8, 2019After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.
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.
