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The Malaysian Palm Oil Council reviews February 2020, when the Wuhan coronavirus outbreak and related events weighed on palm oil trading. The piece describes palm oil skidding as the virus spread to other regions.
It is an overview of market sentiment rather than a new policy or supply event.
Demand worries from the virus outbreak pressure palm prices as buyers in China and elsewhere reduce food-service consumption.
mpoc.org.myMar 18, 2020Not enough comparable past events yet for a historical read.
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.
