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Singapore Exchange said agricultural stocks could benefit from an optimistic palm oil outlook, citing firm fourth-quarter seasonal demand. Bloomberg Intelligence expects prices to stay firm, helped by weaker output from Borneo's El Niño drought tail and an expected cut in European import tariffs on Indonesian biodiesel.
Expected EU tariff relief on Indonesian biodiesel would expand demand for palm oil, supporting prices, though this is an equity-focused article rather than a direct supply shock.
ibtimes.sgAastha AgnihotriDec 6, 2017Not enough comparable past events yet for a historical read.
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.
