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Malaysia's plantation ministry said the country can meet global palm oil demand after Indonesia's export ban took effect April 28. The minister cited reopened borders and returning foreign labour as supports for raising output.
Malaysian supply capacity partly offsets Indonesia's ban, limiting the palm oil price rally but leaving a tight global vegetable oil balance.
malaymail.comApr 28, 2022After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
