Too much palm oil at the market

The price of palm oil futures at Bursa Malaysia fell to a weekly low in this morning's trading session. Production will increase in the coming weeks, but demand will remain weak for the time being.
The Oct. 18 event closed at lunch time with 2,162 ringgit / ton (-0.3%), today 14,694 lots have been traded.
New export figures are expected on Wednesday. One has to assume that inventories will be increased, which will continue to weigh on prices. More exports are urgently needed.
At the CBoT, soybean oil futures are trading 0.18% lower at the moment, and 0.3% lower at China's Dalian. There, the palm oil futures also traded 0.3% weaker.
Text: HANSA Derivatives Trading GmbH /

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