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Indonesia's palm oil export ban in May cut its shipments by 68%, while Malaysian exports rose 29%. Indonesian exports recovered to 4.33 million tonnes in August, though they remain behind last year's pace.
Indonesian stocks fell to 4.04 million tonnes in August from a May high of 7.23 million.
The shift in export flows showed how trade restrictions redirect palm supply between origins, and the drawdown in Indonesian stocks supports firmer palm prices.
grainpricenews.comMike VerdinOct 11, 2022After 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.
