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Palm oil output in Malaysia and Indonesia may fall because harvesting has been disrupted. Indonesia extended its Eid holiday to two weeks, which led to a fruit backlog at mills and a post-holiday labour shortage in Malaysia.
Planters expect a 5 to 8% drop in production from overripe fruit losses.
A possible 5 to 8% output decline would tighten palm supplies and support prices. Mill overcapacity and low fruit prices are a short-term offset.
beta.malaymail.comJun 28, 2018After 15 past bullish logistics events, PALMOIL moved a median -0.1% over 5 sessions (47% higher; middle half -2.4% to +3.9%), and +0.5% 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.
