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Crude palm oil prices neared an eight-year high after Malaysian Palm Oil Board data showed October stockpiles fell 8.6 percent to 1.57 million tonnes, the lowest since June 2017. Production also contracted, and analysts expect prices to stay elevated through 2020 on tight edible oil supply and La Nina concerns.
China's stock-building purchases and biodiesel policies are also cited as support.
Lower Malaysian stocks and weaker output tighten global vegetable oil supply, supporting palm oil and feed-related prices.
themalaysianreserve.comZukri12 nov 2020Tras 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.
