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The Malaysian Palm Oil Council outlines the 2020 supply and demand picture for Malaysian palm oil. It says COVID-19 has caused demand shocks from importing countries and weaker domestic consumption.
Lockdown measures have also disrupted upstream plantation activities such as fertilizing and harvesting.
Weaker demand combined with disrupted field operations creates two-sided uncertainty for palm oil output and prices over the year.
mpoc.org.myMay 6, 2020After 66 past neutral report events, Palm Oil moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% 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.
