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A commentary argues Malaysia cannot match Indonesia's palm oil volumes but can compete on sustainability. It notes demand for palm oil has risen since Russia's invasion of Ukraine constricted edible oil supply.
It also says Malaysia is considering lowering its 8% palm oil export tax to regain market share.
Global edible oil tightness supports palm oil demand, but rising production costs for smallholders could constrain Malaysian output over time. The piece offers no new price-moving event.
channelnewsasia.comEugene MarkJun 10, 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.
