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Malaysian palm oil futures rose 0.6 percent for August delivery after four days of losses, helped by a weaker ringgit. Indonesian palm oil exports to Muslim countries rose ahead of Eid, with shipments to Bangladesh up 116 percent in April.
A weaker ringgit makes palm oil cheaper for foreign buyers, supporting prices, while seasonal Eid demand adds to export flows.
sawitindonesia.comQayuum AmriJun 5, 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.
