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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 de jun. de 2021Após 96 eventos baixista de relatório passados, Óleo de palma subiu em mediana -0,1% em 5 sessões (48% de alta; metade central de -1,3% a +1,6%), e -0,9% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
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.
