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Indonesia's palm oil and derivative exports fell to 7.84 million tons in Q1 2018 from 8.02 million a year earlier, according to GAPKI. Production rose 24% to 10.41 million tons over the same period.
Lower exports combined with a sharp production increase point to rising Indonesian stocks, which is bearish for palm oil prices.
theinsiderstories.comLinda SilaenMay 25, 2018After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% 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.
