◂ Event Timeline

Sep 11, 2023REPORTMalaysia

Palm down on rising stocks, falling exports - Markets

Malaysian palm oil futures fell for a sixth straight session after MPOB data showed end-August stocks rose 22.5% to 2.12 million tonnes, the highest in seven months. August exports also declined to 1.22 million tonnes.

WHY IT MATTERS

Rising inventories and weaker exports signal a looser market, which pressures palm prices lower.

AFFECTSPALMOIL▼

SOURCE
brecorder.comReutersSep 11, 2023

Price reaction & history

PALMOIL▼bearishSO FAR1d -2.0%5d -1.3%20d -7.2%

After 96 past bearish report events, PALMOIL moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% over 20.

Jun 10, 2021Palm oil falls to seven-week low on tepid June exports - Markets - Business Recorder-6.9%
Jul 13, 2023Palm oil falls over 2% on higher global edible oils output forecast - Markets - Business Recorder+0.8%
Apr 3, 2022Malaysian palm oil set for weekly loss as rival soyoil drops - Markets - Business Recorder+5.8%
Oct 4, 2017Malaysia palm oil stocks seen rising to 19-month high - The Business Times+0.9%
Aug 3, 2017Indonesia's palm oil exports to hit record in 2017-2018 | Agrifish | POST Online Media-0.6%

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.

PALMOIL · GP ▸

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