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GAPKI reports that 2022 was disrupted in Indonesia by extreme wet weather, the Russia-Ukraine war, high vegetable oil and fertilizer prices, and a palm oil export ban from April 28 to May 23. Replanting remained weak, with only 600,000 hectares of acreage added over five years.
Weak replanting and aging plantations constrain future palm oil output, supporting firmer medium-term palm oil prices and tighter vegetable oil supplies.
gapki.idadminJan 26, 2023
reuters.comBernadette ChristinaJan 25, 2023After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% 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.
