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Malaysian palm oil futures slipped on June 1 as Indonesia prepared to resume exports. Traders expected higher global supply as both major producers entered seasonal high output.
Indian import base prices were also adjusted, and China's gradual reopening was seen supporting demand.
Expected return of Indonesian exports and seasonal output increases add supply to world markets, pressuring palm oil prices. Improving Chinese demand could partly offset that pressure.
brecorder.comReutersJun 1, 2022After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% 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.
