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Malaysia's Primary Industries Minister said the coronavirus outbreak will temporarily weaken China's palm oil demand, with prices expected to rebound once the outbreak is controlled. The Malaysian Palm Oil Board said instant noodle producers could increase palm oil use as Chinese consumers eat at home more.
Reduced restaurant demand in China is partly offset by higher packaged food consumption, which limits the downside for palm oil. Officials expect the price drop to be short-term.
themalaysianreserve.com5 feb 2020Tras 10 eventos bajista de enfermedad pasados, Aceite de palma se movió una mediana de +0,4 % en 5 sesiones (50% al alza; mitad central entre -5,0 % y +1,3 %), y -8,5 % 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.
