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Malaysian palm oil futures fell more than 1% after three sessions of gains. The December contract was down 1.1% at 2,165 ringgit a tonne, its sharpest daily decline in a week, on expectations of rising inventories and technical selling.
Expected inventory build and technical selling point to near-term downward pressure on palm oil prices.
thestar.com.myThe Star OnlineSep 27, 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.
Sept 27 futures fell over 1% on expectations of rising inventories and technical selling, a direct supply-and-sentiment driver of the late-September price drop.
