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Malaysian palm oil product exports for November 1-15 fell 11.75% from the previous period to 673,991 tonnes, according to AmSpec Agri data reported by Reuters. The decline reflects weaker shipments in the first half of the month.
Lower export flows point to looser demand for Malaysian palm, which is mildly bearish, though tight production keeps the market supported.
reuters.comNov 16, 2020After 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.
