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The Asia Pacific Exchange designated POIC Lahad Datu in Sabah as its third tender port for crude palm oil and palm olein futures in Malaysia. The designation links local palm oil traders with international buyers through the exchange's pricing system.
The new tender port broadens delivery and pricing options for Malaysian palm oil, which may improve market liquidity but has little immediate effect on prices.
theborneopost.comMariah DoksilMay 22, 2019After 24 past logistics events, Palm Oil moved a median -0.1% over 5 sessions (46% higher; middle half -1.0% to +2.7%), and +1.3% 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.
