Gapki expects Indonesian crude palm oil output to fall 15-20% in 2016 to about 30 million tons, the lowest in 20 years, due to last year's El Niño drought. The association said the supply drop should temporarily support prices, though exports are forecast to fall about 15% on weak global demand.
Output is expected to rebound in 2017, which could weigh on prices if demand does not recover.
A tighter Indonesian supply supports palm oil prices in the near term, while expected 2017 recovery is a bearish risk for vegetable oil ingredients used in feed.
Tras 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.