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Bursa Malaysia Derivatives chairman Muhamad Umar Swift said palm oil markets should expect continued price volatility in 2021 due to weather, economic recovery and Western policy changes. He noted palm output fell 3.6% in 2020 due to labour shortages.
Expected volatility argues for buyers to use price risk management tools when sourcing vegetable oils. The 2020 production decline supports tighter palm supply in the near term.
malaymail.comMar 23, 2021Not enough comparable past events yet for a historical read.
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.
