Loading…
Indonesian palm and kernel oil shipments to India rose 32% to a record 7.6 million tonnes in 2017. GAPKI expects exports to climb further in 2018 despite higher Indian import duties.
Strong Indian demand supports palm oil prices and absorbs Indonesian supply, tightening the vegetable oil balance that feed buyers compete in.
bloomberg.comYoga Rusmana, Eko ListiyoriniFeb 4, 2018After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% 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.
