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Malaysian palm oil futures extended losses on May 30 as uncertainty over Indonesian export permits weighed on sentiment. Indonesia's trade ministry said permits could be issued that day, with an initial allocation of 1 million tonnes.
Expected resumption of Indonesian exports, though restricted, pressures palm oil prices lower while soft Malaysian output limits the decline.
brecorder.comReutersMay 30, 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.
