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Crude palm oil futures for January delivery on Bursa Malaysia Derivatives rose 0.5% to 4,462 ringgit per ton on Friday, 13 November. The contract gained 4.79% over the week, its first weekly rise in three weeks, after analysts at the Indonesian Palm Oil Conference forecast a price recovery in coming months.
Expectations of El Niño-related supply tightening are lifting near-term palm oil sentiment and prices, though the market remains under pressure from high stocks.
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.