Cargando…
Analyst Dorab Mistry raised his 2018 Indonesian palm oil output forecast to 40 million tonnes from 38.5 million, citing faster plantation expansion. He expects Malaysian end-2018 stocks to reach 3.0-3.3 million tonnes and Indonesian stocks to keep rising from near 5 million tonnes.
Higher output and heavy year-end stocks add supply pressure, and prices would need to fall toward about 2,100 ringgit to regain competitiveness.
thestar.com.myThe Star Online28 sept 2018Tras 96 eventos bajista de informe pasados, Aceite de palma se movió una mediana de -0,1 % en 5 sesiones (48% al alza; mitad central entre -1,3 % y +1,6 %), y -0,9 % 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.
Dorab Mistry's higher Indonesian output forecast and expected rise in Malaysian stocks, published just before the move, feed bearish supply sentiment that could carry into the next session.
Mistry's higher Indonesian output forecast and rising Malaysian and Indonesian stock expectations reinforce the bearish supply outlook.
