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The Indonesian Palm Oil Association (GAPKI) reports that palm oil exports remain promising despite COVID-19, which reduced crude palm oil shipments to some countries in early 2020. Exports to India were still strong in volume and value from January to April.
Steady export demand from India supports Indonesian palm oil prices, but the reported decline in export share signals softer overseas demand.
gapki.idadminJun 22, 2020After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% 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.
