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Malaysia's Plantation Industries Minister Zuraida Kamaruddin said Indonesia's extension of its export levy waiver will not reduce demand for Malaysian crude palm oil. She said the global market remains short of palm oil.
The minister's view that demand is firm limits the bearish impact of Indonesian export competition on Malaysian palm prices. The market impact depends on whether Malaysian exports actually slow.
malaymail.comSep 23, 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.
