Loading…
Malaysian palm oil futures fell to their lowest level since mid-October 2016, with the June 2017 FCPO contract closing at 2,647 ringgit after dropping 3.92 percent on the week. Weaker related edible oils on CBOT and Dalian weighed on the market, while March exports rose per ITS and fell per SGS.
Weaker soyoil and Dalian trade and mixed export figures point to ample palm supply and lower palm oil prices, which lowers the cost of palm-based feed ingredients.
theborneopost.comsuperuserApr 1, 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.
Weekly report shows FCPO falling to a multi-month low on weak CBOT and Dalian edible oils, indicating the downward momentum and sentiment heading into the April 3 drop.
