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Palm oil prices rose after Indonesia eased its export levies and Malaysia announced a review of duties and taxes on the commodity. The article also notes that cocoa prices were supported by dry weather in West Africa.
A monthly commodity roundup highlights rising EU maize prices and falling Russian wheat exports.
Lower Indonesian levies improve export competitiveness and support palm oil prices, a bullish signal for vegetable oil markets. Tighter EU maize and shifting wheat demand also support feed grain prices.
thegrocer.co.ukRachel GrahamJan 10, 2019After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% 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.
