
An industry expert said palm oil demand from India and China is expected to rise in the coming months. Malaysian prices had gained nearly 20% last year but fell about 12% so far this year.
The expert said recent corrections give large buyers attractive entry points.
Expected restocking by the two largest importers would support palm oil prices after the earlier correction. Buying interest could also firm prices for competing vegetable oils.
After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% 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.