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Malaysian palm oil prices fell to their lowest in three weeks as the ringgit strengthened and production expectations rose. Malaysia cut its August crude palm oil export tax to 5.5% from 6.5%, with a reference price of 2,699.54 ringgit per ton.
A stronger ringgit and a lower export tax with higher output expectations point to softer palm oil prices for foreign buyers.
mundus-agri.euJul 18, 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.
