
Malaysian palm oil futures fell 1.4% and reached an eight-month low, below RM4,300 per tonne. September Malaysian production rose 16.5% month on month, stocks climbed 31.9% and exports fell 12.1%; lower Indonesian export charges and weaker crude values added pressure, while strong Indian imports partly offset the bearish factors.
Rising inventories and cheaper Indonesian export costs increase available palm oil supply and competitive pressure, while weaker crude oil reduces support from the energy market. These factors point to lower palm oil prices, with Indian demand limiting the downside.
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.