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Malaysian palm oil stockpiles unexpectedly fell 4.1% in October from September as exports surged. Analysts expect seasonally slower output growth in the coming months, which could tighten supplies further.
Falling inventories and slowing seasonal output support higher palm oil prices, which can lift competing vegetable oils and soybean oil demand, and benefit planters' shares. Higher edible oil prices also raise the cost of oil-based feed ingredients.
asia.nikkei.comNov 12, 2019Not enough comparable past events yet for a historical read.
Not 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.
