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The Malaysian Palm Oil Board expects palm oil output to recover in the second half of 2017 after slowing in the first half. It cited US and Indonesian biofuel commitments and rising Chinese import interest as supports for demand.
Expected stronger biofuel and China demand alongside a later output recovery points to firm palm oil prices. Vegetable oil demand is seen outpacing supply, supporting vegetable oil and related feed input values.
theborneopost.comNov 29, 2016After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
