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Palm methyl ester exports from Indonesia and Malaysia rose more than 30% in the first quarter of 2019 to about 145,000 tonnes, driven by Chinese and European buying. The widening gap between palm oil and Brent crude supported the trend.
Stronger biodiesel export demand supports palm oil prices, while the EU cap on palm biofuel limits how far the gain can extend.
ofimagazine.comQuartz Business MediaApr 15, 2019After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% 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.
