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Malaysian palm oil futures fell on Monday as concern over rising stockpiles outweighed strong September export figures. The December contract on Bursa Malaysia was down 0.3% at 2,168 ringgit a tonne at midday.
Rising Malaysian stocks put downward pressure on palm oil prices, which can weigh on vegetable oil and feed-related values.
thestar.com.myThe Star OnlineOct 1, 2018Not 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.
Same-day report of futures falling on rising stockpile concerns, a direct supply-side driver, though the cited midday decline of 0.3% is smaller than the full -2.53% move.
