Malaysian Palm Oil Council
Palm oil dips on outlook for expanding Malaysian inventories
Published:
English editorial record · renofaro
Key points
- Palm oil futures fell up to 1.2% in Kuala Lumpur ahead of Malaysian data expected to show rising stockpiles and weaker exports due to softer Indian demand.
- Bloomberg notes downside may be limited by surging crude futures boosting biofuel demand and Indonesian plantation risks from forest fires.
Summary
Palm oil futures fell up to 1.2% in Kuala Lumpur ahead of Malaysian data expected to show rising stockpiles and weaker exports due to softer Indian demand. Bloomberg notes downside may be limited by surging crude futures boosting biofuel demand and Indonesian plantation risks from forest fires.
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