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The Indonesian palm oil association DMSI says peak-season output is filling storage tanks and some mills cannot process fresh fruit bunches. It urged faster government action to lift domestic and export uptake, noting the B-20 biodiesel programme started September 1 but has minor field issues.
Excess CPO stocks and mill backlogs are bearish for domestic palm prices and farm-gate fruit prices until B-20 absorption and exports rise.
investor.idGora KunjanaSep 27, 2018Not 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.
