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Singapore-listed palm oil companies posted generally solid first-half 2022 earnings. Crude palm oil futures are up about 4% year to date but have fallen roughly 35% since late April.
Higher production and Indonesia's shift to encouraging exports through lower levies are cited as factors.
Falling crude palm oil prices from higher output and looser Indonesian export policy point to weaker palm oil supply costs and prices ahead, which matter for vegetable oil feed ingredient pricing.
businesstimes.com.sgUma DeviAug 18, 2022Not enough comparable past events yet for a historical read.
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.
