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Malaysian palm oil futures reversed two weeks of declines and rose 1.3% to RM2,732 on October 6, tracking stronger CBOT soyoil. Cargo surveyors reported September exports up about 10% month on month, with India and China expected to boost buying ahead of their festivals.
Higher export shipments and festival-driven buying support palm oil prices, while firmer soyoil also lends support.
theborneopost.comOct 7, 2017Not 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.
