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Crude palm oil prices have risen to record highs, driven by reduced output in Indonesia and Malaysia from pandemic-related public activity restrictions. Global demand remains strong, and Indonesia's B30 biodiesel needs are tightening supply.
Lower production from Indonesia and Malaysia combined with steady biodiesel-driven demand supports palm oil prices and tightens the global edible oil and oilseed meal complex.
gapki.idAug 24, 2021After 16 past disease events, Palm Oil moved a median +0.3% over 5 sessions (56% higher; middle half -3.2% to +1.5%), and -7.7% 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.
