Malaysian palm oil futures fell below 4,500 ringgit per tonne, their lowest since June, as a stronger ringgit and weak Dalian and Chicago edible oil markets weighed. Expectations of record October stocks and lower crude prices added pressure, while Indonesia's lower reference price and export levy increased competition.
Higher stocks and cheaper Indonesian supply push palm oil prices lower, reducing costs for vegetable oil-based feed ingredients. Strong Indian import demand offers only partial support.
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.