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Indonesia is not expected to quickly take over Malaysia's palm oil export market, even though Malaysia has suspended plantation work in six districts after COVID-19 cases among workers. Key buyers such as India and Europe are under lockdown, and Chinese demand has not fully recovered.
Expected Malaysian supply disruption is limited by weak demand, so the market stays tight without a clear price gain for Indonesian exports.
ekonomi.bisnis.comIim Fathimah TimorriaApr 6, 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.
