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FGV Holdings, the world's largest crude palm oil producer, forecast a significant drop in 2020 output because pandemic restrictions disrupted plantation and mill work. Malaysia's movement restriction order, in place until mid-May, has curtailed its workforce, and limits on logistics services will affect CPO movement and inventory.
FGV also expects lower processing volumes for export and bulk products.
Lower Malaysian palm output and reduced processing tighten near-term palm oil supply, which supports prices even as demand weakens. Restocking in China provides some offsetting demand.
energy.economictimes.indiatimes.comET EnergyWorld29 abr 2020Tras 15 eventos alcista de logística pasados, Aceite de palma se movió una mediana de -0,1 % en 5 sesiones (47% al alza; mitad central entre -2,4 % y +3,9 %), y +0,5 % 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.
