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A Reuters poll expected Malaysia's end-December palm oil stocks to fall 22% to 1.22 million tonnes, the lowest since June 2007. Production was forecast to drop 11% for a third straight month while exports rose 15%.
Labour shortages from the migrant worker ban also hampered plantation output in 2020.
A sharp drop in Malaysian inventories signals a tight palm oil market, which lifts prices and raises the cost of palm-based feed ingredients.
sg.finance.yahoo.comMei Mei Chu5 ene 2021Tras 149 eventos alcista de informe pasados, Aceite de palma se movió una mediana de +0,5 % en 5 sesiones (57% al alza; mitad central entre -1,1 % y +1,8 %), y +0,8 % 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.
Poll showed stocks falling to the lowest since 2007 on falling output and rising exports, fueling bullish stock-tightness expectations.
