Malaysia Palm Oil Futures Likely Rise on Five-Week Brent High, El Nino Concerns

According to Jin10, on July 22, Malaysia palm oil futures are likely to open higher, supported by Brent crude reaching a five-week high amid U.S.-Iran tensions and Houthi blockade threats to Saudi Arabia. El Nino climate phenomena pose production risks in Southeast Asia, lending additional price support. However, weak palm oil export demand may limit the rally's momentum.
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