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Malaysian palm oil futures rose in early trade on Monday, supported by gains in rival soyoil and cargo surveyor data showing July 1-15 shipments up 17.8% from a month earlier. The benchmark October contract traded at 2,554 ringgit per tonne, and a stronger ringgit was seen limiting upside.
Strong export data and firm soyoil support palm prices, while a firmer ringgit makes palm dearer for foreign buyers and caps gains.
prestasisawit.mpob.gov.myJul 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.
