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Crude palm oil futures rallied as crude oil and soybean oil prices rose. The move reflects broader vegetable oil and energy strength.
Higher crude and soybean oil prices make palm oil more competitive in biofuel and food use, lifting palm prices.
mpoc.org.myMPOCNov 5, 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.
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.
On Nov 5 palm futures rallied with higher crude oil and soybean oil prices, a spillover from energy and vegetable oil strength within the window.
