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Malaysian palm oil futures fell to a one-week low on Friday, down 0.6% at RM2,754 a tonne on Bursa Malaysia. The decline tracked weaker soyoil on the Chicago Board of Trade and Dalian, and some traders took profits after prior-session gains.
Palm trades as a substitute for soyoil in the vegetable oil complex, so weaker soyoil pulls palm lower and eases vegetable oil feed input costs.
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.