Loading…
Malaysian palm oil futures opened at their highest in nearly seven months and extended a run of gains, supported by strength in related edible oils. The April contract closed about 1.4% higher at 2,327 ringgit a tonne.
Strength in soyoil and other edible oils spills over into palm oil, lifting its price and the cost of vegetable oil feed ingredients.
dawn.comReutersJan 29, 2019Not 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.
Futures rose to a near seven-month high on strength in related edible oils, with momentum that carried into the window.
Futures hit near seven-month highs on 2019-01-29 with a run of gains led by strength in related edible oils, indicating momentum that fed into the 1 February jump.
