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Crude palm oil for October 2017 delivery on Bursa Malaysia fell 0.82% to 2,655 ringgit per tonne, after reaching a three-month high of 2,677 the previous session. Prices gained 3.57% over the week, with profit-taking and renewed EU restrictions on palm oil imports weighing on sentiment.
EU import curbs narrow palm's export outlet and analysts expect higher Indonesian and Malaysian output in 2018, which together point to softer prices ahead despite current firm demand.
komoditi.co.idUsman SimanjuntakJul 31, 2017Not 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.
