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Malaysian palm oil futures fell as much as 10% on Tuesday, their largest drop in over a decade, to their lowest since mid-November. The decline followed India's curbs on refined palm oil imports and fears that the coronavirus outbreak in China will weaken demand.
Malaysian palm oil exports for early January were also expected to fall.
Losing India as a key buyer and weaker Chinese demand both point to lower palm oil prices and softer demand for vegetable oils in feed. Lower palm prices may also pull down competing edible oils.
thestar.com.myThe Star Online28 jan 2020Na 158 eerdere neerwaarts handel-gebeurtenissen bewoog Palmolie zich mediaan +0,0% over 5 sessies (51% hoger; middelste helft -1,3% tot +0,8%), en -1,4% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
