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Malaysia's industry briefing for April 2018 reports China's ambassador saying China will not restrict Malaysian palm oil imports. Other items include an India import duty hike on palm oil, traceability rules for Malaysian CPO futures, and record Indian soybean imports.
Assurance of continued Chinese palm demand supports the export outlook, while India's higher duties cut into import demand for palm oil.
gofbonline.comgofb-admApr 26, 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.
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.
