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The EIA report says large-scale palm oil producers in Indonesia and Malaysia, which produce over 85% of world palm oil, are expanding into Sub-Saharan Africa and Latin America. It links the expansion to governance problems and deforestation.
Expansion of palm supply into new regions is a longer-term supply consideration for palm oil, but the article does not announce any immediate production or price change.
eia.orgForest CampaignApr 28, 2018After 66 past neutral report events, Palm Oil moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% 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.
