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Palm oil futures hover near MYR 4,500 per tonne amid record Malaysian inventories. Indian edible oil buyers are shifting their import mix between palm, soybean and sunflower oils based on relative prices.
Expanding Indonesian biodiesel programs and EU biofuel restrictions also shape demand.
Price-sensitive Indian buying and record stocks keep palm oil volatile, and palm must stay competitive against soy and sunflower oil to hold its share of demand.
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.