◂ Event Timeline

Jun 10, 2022REPORTMalaysia

Malaysia's palm oil stocks above expectations on higher-than-projected output in May

Malaysian palm oil stocks at end-May fell 7.4% to 1.52 million tonnes, above expectations, as production declined only slightly. Exports rose 26.7% in May as buyers turned to Malaysia after Indonesia's export ban.

WHY IT MATTERS

Higher-than-expected Malaysian stocks signal ample near-term supply, which weighs on palm oil prices despite strong export demand.

AFFECTSPalm Oil▼

SOURCE
spglobal.comAditya KondalamahantyJun 10, 2022

Price reaction & history

Palm Oil▼bearishSO FAR1d -3.4%5d -6.3%20d -32.4%

After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% over 20.

Feb 1, 2024Malaysian palm oil output expected to improve this year | The Western Producer-1.4%
Sep 11, 2024Malaysia’s palm oil stocks hit six-month high in August as output surges — MPOB – MPOC-0.5%
Feb 18, 2021Malaysia's Sime Darby Plantation eyes palm oil output recovery, high prices - The Business Times-0.4%
Oct 11, 2022Malaysia end-Sept palm oil stocks hits highest in nearly 3 years-1.3%
Apr 29, 2019Malaysian palm oil output likely to be higher in 2019 - The HinduBusinessLine-7.8%

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.

Palm Oil PALMOIL · GP ▸

——— · ·

Loading…