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Indonesian reporting says Malaysian crude palm oil exports surged 19% in the first half of July from a month earlier, according to Intertek. CPO futures rose 0.87% to 3,933 ringgit on July 17, though traders are cautious because of a new Indonesian regulation.
Strong July export flows from Malaysia tighten available supply and support palm oil prices. Uncertainty around Indonesia's domestic sale rules limits the upside by adding risk to export availability.
pwc.comPricewaterhouseCoopersJul 18, 2023After 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.
