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Indonesian industry analysts project crude palm oil prices to strengthen in early 2018 on La Niña impacts and rising demand from major importers. The Indonesian Palm Oil Association forecasts Indonesian output rising to 38.5 million tons in 2018 from 36.5 million this year.
A forecast 2 million ton output increase partly offsets bullish weather and demand arguments, so the net price effect depends on whether La Niña disrupts harvests.
theinsiderstories.comDesk Editor InsiderDec 6, 2017After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% 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.
