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Favorable weather in Malaysia and Indonesia has supported crop development, with ample rain and sunshine and little flooding. Traders expect record 2019 palm output from the two countries, which together produce over 80 percent of global supply.
Labour shortages, reduced fertiliser use and aging trees could limit growth.
Record Southeast Asian output would add supply to a market already carrying high stocks, pressuring benchmark prices. Lower palm oil prices would ease costs for palm-based feed fats.
staging.malaysiakini.comEmily ChowMar 4, 2019After 29 past bearish weather events, Palm Oil moved a median -0.3% over 5 sessions (38% higher; middle half -2.2% to +0.6%), and -1.4% 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.
