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Dec 5, 2022REPORTMalaysia

Malaysia’s end-Nov palm oil stocks seen down slightly as output falls - Markets

A Reuters survey projects Malaysia's end-November palm oil stockpiles fell 0.47% to 2.39 million tonnes. Output is seen dropping 5% from October while exports rise 3% and imports jump 16.8%.

WHY IT MATTERS

Lower stocks and output tighten near-term palm supply, supporting prices. La Niña weather damage in Borneo adds to the supply concern, though the stock draw is small.

AFFECTSPalm Oil▲

SOURCE
brecorder.comReutersDec 5, 2022

Price reaction & history

Palm Oil▲bullishSO FAR1d +1.1%5d +1.3%20d +7.0%

After 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.

Mar 25, 2021Indonesia’s end-2021 palm oil stocks seen plunging - Markets - Business Recorder-1.3%
Jan 5, 2021Malaysia end-December palm oil stocks seen hitting over 13-year low as output falls: poll+1.3%
Jan 5, 2021Malaysian palm oil stocks forecast lower, keeping prices high in 2021 - Markets - Business Recorder+1.3%
Nov 5, 2024Malaysia’s end-October palm oil stocks fall on lower output, higher exports+4.0%
Jan 10, 2022Malaysia end-Dec palm oil stocks smaller than expected as output plummets | Reuters+2.5%

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.

Palm Oil PALMOIL · GP ▸

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