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Labor shortages linked to the coronavirus pandemic have reduced palm oil output in Malaysia and Indonesia, which together supply about 84% of world palm oil. Major buyers China and India are increasing purchases for cooking and manufacturing.
Malaysian stockpiles are at their lowest in years.
Tight stocks combined with strong import demand from China and India point to firmer palm oil prices and support for competing vegetable oils.
wsj.comLucy CraymerJan 21, 2021Not enough comparable past events yet for a historical read.
Not 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.
