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Malaysian Palm Oil Council expects Malaysia's 2021 crude palm oil exports to rise 24.4% to 5.5 million mt. The increase is attributed to Malaysian CPO becoming more competitively priced after Indonesia's revised export duty structure, which now totals $371/mt.
Greater Malaysian export availability eases competition for India's import demand, while Indonesia's higher duties add cost pressure on Indonesian supply, leaving palm prices mixed.
spglobal.comApr 5, 2021After 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.
