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Malaysian palm oil futures recovered from early losses to hover near a five-month high on Tuesday. Production in Malaysia for July 1-20 was down about 5%, and a labour shortage may cut yields by up to 25%.
Heavy rain and flooding in Malaysia and Indonesia have raised worries about harvesting.
Falling output and labour constraints tighten palm supply during a seasonal period, supporting prices and raising costs for vegetable oil used in feed.
brecorder.comReuters21 jul 2020Tras 181 eventos alcista de clima pasados, Aceite de palma se movió una mediana de +0,5 % en 5 sesiones (56% al alza; mitad central entre -0,9 % y +1,9 %), y +0,3 % 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.
