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Malaysian economists said oil price volatility, Middle East geopolitical risk and the US-China trade war justify diversifying Malaysia's export markets. They argued the ringgit has weakened more than it should because of the renminbi's depreciation.
Malaysia is heavily exposed to China and India as export markets.
Heavy reliance on China and India for palm oil and electronics exports makes Malaysian trade vulnerable to demand shocks in those markets, which can weigh on palm oil demand and prices.
nst.com.myAyisy YusofOct 25, 2018After 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.
Not enough comparable past events yet for a historical read.
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.
