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Indonesia's palm oil exports rose in July to 3.13 million tons from 2.77 million in June, with higher shipments to China and the Middle East. Domestic consumption also climbed 7% on biodiesel demand, while output and stockpiles fell.
Stronger export pull from China and biodiesel-driven domestic use tightens available supply, supporting palm oil prices.
airfreight.newsBloombergSep 20, 2020After 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.
