
The Malaysian Palm Oil Board's October data showed higher production, rising inventories and lackadaisical demand from top buyers, which pushed prices lower. Malaysian October crude palm oil output was estimated at 1.83 million tonnes, up 2.59% from September.
Tridge advises buyers to take cover into 2023.
Rising output and inventories are bearish near term, though seasonal production peaks are expected to ease and the outlook may turn bullish in the new year. Buyers may benefit from locking in current lower prices.
Tras 96 eventos bajista de informe pasados, Aceite de palma se movió una mediana de -0,1 % en 5 sesiones (48% al alza; mitad central entre -1,3 % y +1,6 %), y -0,9 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.