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.
과거 하락 무역 이벤트 158건 이후, 팜유은 5거래일 동안 중앙값 +0.0% 변동(상승 51%; 중간 50% 범위 -1.3%~+0.8%), 20거래일 동안 -1.4%.
각 품목 벤치마크의 이벤트 직전 종가 대비 변동. 과거 수치는 같은 유형의 과거 이벤트를 합산한 것으로, 일어난 일을 설명할 뿐 앞으로 일어날 일이 아닙니다. 투자 자문이 아닙니다.