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Malaysian palm oil futures for August delivery closed down 0.67% at 3,845 ringgit a tonne, their lowest close in seven weeks. Malaysia's June 1-10 exports fell 14.3% from the same period in May, according to cargo surveyor Amspec Agri.
MPOB data showed May stocks rose only 1.49% to 1.57 million tonnes, below expectations.
Slower June export shipments point to weaker palm demand, which outweighs the smaller-than-expected inventory build. The market is watching June export performance for further direction.
brecorder.comReuters10 Jun 2021Setelah 96 peristiwa laporan bearish sebelumnya, Minyak Sawit bergerak median -0,1% selama 5 sesi (48% lebih tinggi; separuh tengah -1,3% sampai +1,6%), dan -0,9% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Palm hit a seven-week low on June 10 on weak June 1-10 exports (-14.3%), a demand-side driver within the window.
Palm hit a seven-week low on June 10 on a 14.3% drop in early June exports, signaling weak demand and trade flow.
