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Indonesia and Malaysia agreed to jointly oppose discrimination against palm oil, and signed eight memorandums of understanding covering shipping, export-import financing, green energy and battery industry development. The meeting was between Malaysian leader Anwar and Indonesian President Jokowi.
Closer bilateral cooperation on palm oil trade may ease market friction, with limited immediate price impact on palm oil supply.
reuters.comJan 9, 2023After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% 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.
