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Palm oil producers in Indonesia and Malaysia, which together supply 85% of the world's palm oil, are increasing replanting after a decade of letting estates age. Ageing trees are reducing yields and threatening future supply.
Lower yields from ageing trees tighten the long-term supply of palm oil, which makes up nearly 60% of global vegetable oil. Replanting only adds output after several years, so the effect on near-term prices is limited.
reuters.comMei Mei ChuApr 14, 2023After 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.
