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Malaysia exported 2.14 million tons of palm oil to India in the first half of 2019, surpassing its full-year 2018 total. Indonesia shipped 2.13 million tons to India over the same period, and Jakarta is looking at other export markets amid EU tensions.
Shifting export flows toward India favor Malaysian supply, while Indonesia seeks alternative buyers; overall palm demand is steady, so the price effect is modest.
thejakartapost.comTama SalimAug 20, 2019After 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.
