Loading…
Indian refiners have cancelled orders for 100,000 metric tons of crude palm oil scheduled for March to June delivery. The cancellations follow a surge in benchmark Malaysian prices and negative refining margins in India, according to four trade sources.
Lost Indian demand removes a key buyer from the palm market, which pressures prices lower unless other buyers step in.
reuters.comRajendra JadhavFeb 20, 2025After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), 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.
