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Malaysian palm oil futures closed 1.23% lower on Thursday after the Lunar New Year break. Selling was limited by Indonesia's new requirement that 20% of domestic output be sold at home.
Chicago soyoil eased about 1%.
The domestic sales mandate restricts export availability and keeps palm prices supported, limiting downside. Softer soyoil alongside suggests modest pressure on rival vegetable oil prices.
brecorder.comReutersFeb 3, 2022Not 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.
