Loading…
Malaysia's palm oil inventory fell 1% month-on-month to 1.82 million tonnes in November 2021 due to lower crude palm oil output. Exports rose on higher demand from India, the US and Europe.
MIDF expects stocks to recover toward 2-3 million tonnes in 2022.
Slightly lower stocks and steady export demand support near-term palm oil prices. Stock levels rising above 2.5 million tonnes could trigger a price decline.
ukragroconsult.comDec 15, 2021After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% 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.
