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Malaysian palm oil exports to China fell from a 2020 peak of 2.73 million tonnes to 1.47 million in 2023. Malaysia's deputy plantation minister led a trade mission to China in July 2024 to raise export value and push higher-value niche products.
Weaker Chinese demand for Malaysian palm oil and competition from Indonesia's more favorable duty structure pressure Malaysian export prices. Efforts to move into refined and niche products could support value over volume.
theedgemalaysia.comJul 30, 2024
klsescreener.comJul 30, 2024After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% 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.
