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Crude palm oil futures on Bursa Malaysia fell 3.3% to 3,455 ringgit a tonne on April 27, the lowest since early October. Indonesia changed its domestic market obligation rules, cutting the domestic cooking oil target to 300,000 tonnes a month and tightening the export ratio from 6:1 to 4:1, effective May 1.
The policy shift is expected to free more Indonesian palm oil for export, increasing global availability and pressuring prices from the largest producer.
fastmarkets.comthe Fastmarkets team, Min Jie Yaw28 abr 2023Tras 400 eventos bajista de política pasados, Aceite de palma se movió una mediana de -0,0 % en 5 sesiones (49% al alza; mitad central entre -1,3 % y +1,1 %), y +0,2 % en 20.
Tras 351 eventos bajista de política pasados, Aceite de soja se movió una mediana de -0,0 % en 5 sesiones (49% al alza; mitad central entre -1,7 % y +1,8 %), y -0,2 % 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.
Indonesia's revised domestic market obligation and looser export ratio, effective May 1, pushed futures to a six-month low in the days just before the window, signaling more export supply.
Palm oil fell to a six-month low on Indonesia's looser export policy, which adds vegetable oil supply to global markets and pressures competing soybean oil; the policy took effect May 1.
Indonesia's loosened DMO and export ratio, effective May 1, raise expected global supply and pushed CPO to a six-month low, setting up the May 1 drop.
