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Vegetable oil prices rose over May 24-30, with palm oil up 74.0 USD to 893.0 USD/t for the week. Gains were attributed to firmer crude oil prices on the Dalian exchange and renewed optimism about Malaysian palm oil export demand.
Stronger crude and export demand support palm oil prices, which tighten the vegetable oil supply available as a feed ingredient and may lift the cost of competing oils.
ukragroconsult.comJun 4, 2024Not 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.
