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Industry experts at a Malaysian Palm Oil Council seminar said demand for Malaysian palm oil from India and China is likely to rise in 2021 as economies reopen. India's palm oil stocks were about 400,000 tons in December 2020, down 40% year on year.
Expected import recovery from two large buyers would tighten palm supply and support palm oil prices, which also lift the vegetable oil complex.
foodnavigator-asia.comMar 8, 2021After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% 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.
