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APK-Inform reported that crude palm oil rose $90-110 a ton on the back of lower-than-expected Indonesian output, which cut stocks and exports. Sunflower, rapeseed and soybean oil prices also rose, according to Oil World.
Tighter Indonesian supply lifts global vegetable oil prices, though Oil World expects a moderate correction and a possible Indonesian output recovery from October.
apk-inform.comOct 1, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
Reported lower-than-expected Indonesian output cut stocks and exports and lifted CPO prices, a supply-side driver consistent with the rally, though the dating is imprecise.
Lower-than-expected Indonesian output cut stocks and exports, supporting higher palm and vegetable oil prices.
Lower-than-expected Indonesian output cut stocks and exports, lifting palm and other vegetable oil prices.
