Khairil_Anuar

(FCPO) Palm oil slips to over two-week low on subdued demand

Short
MYX_DLY:FCPO1!   Crude Palm Oil Futures
-Malaysian palm oil futures fell on Monday to their lowest closing in over two weeks, weighed down by lacklustre global demand and weaker crude as traders shrugged off data indicating tightening inventories.

-Market got some support from the resumption of Chinese palm oil buying on Friday but other destinations were lacking charm.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.