Weakening the movement of palm oil is also affected by the impact of the weakening of soybean futures prices in commodity markets after weather conditions in some producing countries such as Brazil and the United States began gradually conducive.
Prices for palm oil futures today fell 0.5% to 787 billion in 2382 ringgit per metric ton on the Malaysia Derivatives Exchange. While soybean prices fell 0.4% to 13.905 dollars per bushel.
According to the analysis of the Division of Research at Vibiz Vibiz Consulting, palm oil price movements are expected to still move lower tomorrow. Investors are expected to take action to wait before the release of Malaysia's palm oil inventory data last week.
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