
Palm oil prices are expected to keep falling after February's monthly reference price rose to US$839 per ton from US$729 in January. Importers including India are adding tariff and non-tariff barriers, and China's coronavirus outbreak is cutting its CPO imports.
Rising import barriers and weaker Chinese demand reduce export demand for Indonesian and Malaysian palm oil, pressuring prices.
After 158 past bearish trade events, PALMOIL moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.
After 152 past bearish trade events, SBO moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% 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.