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The Malaysian Estate Owners Association warned of losses ahead due to a severe labour shortage. It said Malaysian producers cannot benefit from record palm oil prices driven by labour issues, Indonesian export caps and the Russia-Ukraine war.
Labour shortages constrain Malaysian palm oil output, which supports prices by limiting supply growth in a tight vegetable oil market.
reuters.comMei Mei ChuJun 6, 2022After 15 past bullish logistics events, Palm Oil moved a median -0.1% over 5 sessions (47% higher; middle half -2.4% to +3.9%), and +0.5% 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.
