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The Malaysian Palm Oil Council hosted a May 12 webinar on mitigating COVID-19's impact on Malaysian palm oil trade, with panellists from industry and the palm oil association. The summary covers general discussion of trade measures and industry responses.
No new quantitative market move was reported.
Industry discussion of trade mitigation offers little new information on supply or demand, so the price impact is limited.
mpoc.org.myMay 15, 2020After 66 past neutral report events, Palm Oil moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% 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.
