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Malaysia's palm oil board warned that an Indonesian crude palm oil export ban could hurt Malaysia's refining sector if more CPO is redirected to meet export demand from India, China and the EU. The board noted Malaysia's production remains sufficient for import demand and that over 70% of its exports are already processed.
Concern over a possible Indonesian export ban underpins palm oil prices by raising fears of tighter global CPO availability. The effect on processing margins also shifts regional export flows.
thejakartapost.comDivya KaryzaOct 26, 2021After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.
