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Benchmark Malaysian crude palm oil contracts rose 3.8% in September to 2,873 ringgit per tonne after reduced output from short working days during the Ramadan and Id holidays. Analysts expect output to recover and winter demand to ease, which could lower prices through year-end.
Holiday-related output dips lifted prices, but expected production recovery and seasonal demand decline point to lower palm oil prices. Cheaper palm oil supports the value of palm-based fats in feed rations.
mundus-agri.euSep 19, 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.
