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Palm oil futures for August fell 1.1% to RM4,240 a tonne, the lowest since May 11, after the market reopened from the Aidilfitri holiday. Traders cited weakening demand from India, the top buyer, where lockdowns to fight a Covid-19 outbreak have closed restaurants that use palm oil.
Some traders also took profits on long positions held before the holiday.
Lockdown-driven loss of restaurant demand in India weighs on palm oil, which is used mainly in food service, and shifts Indian buying toward sunflower and soybean oil. Lower near-term demand points to softer palm oil prices, although strong soyoil prices offer some support.
themalaysianreserve.comZukri2021/05/18過去の弱気な貿易イベント158件の後、パーム油 は5営業日で中央値 +0.0% 動き（51% が上昇。中央50%は -1.3% から +0.8%）、20営業日では -1.4% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
