
Malaysian palm oil futures fell more than 2% to close near an eight-month low, with the January contract down 121 ringgit to 4,375 ringgit per ton. A Reuters survey pointed to Malaysian stocks rising 6.8% from September's record to 3.75 million tons, and weaker rival vegetable oils added pressure.
Expectations of bigger Malaysian stocks and output, plus possible faster Indonesian exports before new fees, weigh on palm oil and competing edible oils. Lower vegetable oil prices can ease costs for feed buyers using palm-based and soy-based ingredients.
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.