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Malaysia's crude palm oil output may have fallen further in November due to heavier-than-usual rainfall linked to La Nina, a worker shortage and seasonal factors. Lower production would reduce Malaysian palm oil stocks.
The article was published in early December.
Falling output and shrinking stocks tighten the global vegetable oil balance, which supports palm oil prices. Weather-driven supply losses tend to persist for several months.
thestar.com.myGANESHWARAN KANADec 3, 2020After 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.
