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Singapore-listed palm oil companies reported stronger first-half revenue and profits on higher crude palm oil prices and firm demand. Malaysian July output fell 16% year on year to a four-month low, and year-to-date palm oil futures are up 54%.
Output declines in Malaysia and Indonesia from drier weather and labour shortages keep palm supply tight and support prices across vegetable oils.
businesstimes.com.sgUma DeviAug 17, 2021After 181 past bullish weather events, Palm Oil moved a median +0.5% over 5 sessions (56% higher; middle half -0.9% to +1.9%), and +0.3% 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.
