Lädt…
Analyst Dorab Mistry forecast Malaysia's 2019 palm oil output would rise to 20 million tonnes, up from 19.5 million tonnes previously. Malaysian output for January to March set monthly records, but he expects aging trees to limit production later in 2019.
Mistry also kept his Indonesian forecast at 44 million tonnes.
Higher Malaysian and Indonesian output forecasts point to ample palm supply that could cap prices. Limits from aging trees may offer some support later in the year.
thehindubusinessline.comReuters29.04.2019Nach 96 vergangenen Ereignisse (bearisch, Bericht) bewegte sich Palmöl im Median über 5 Handelstage um -0,1 % (48% höher; mittlere Hälfte -1,3 % bis +1,6 %) und über 20 Handelstage um -0,9 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
Same Mistry output forecast raise reported by another outlet; higher supply expectations pressured futures.
Mistry's upgrade of 2019 Malaysian output to 20 million tonnes signals higher supply and stocks, which could have sustained bearish pressure into May 1, though it was published several days earlier.
Same output upgrade report from Mistry that fed bearish supply expectations early in the window.
The raised Malaysian 2019 output forecast to 20 million tonnes and record Q1 output reinforced the bearish supply narrative behind the selloff.
