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Indonesian palm oil exports in October rose to China (14 percent), the EU (18 percent), the US (11 percent) and Bangladesh (22 percent), while shipments to Pakistan fell 32 percent and to India fell 16 percent. The Indonesian Palm Oil Association attributed the drops to high prices, import duties and soybean stocks.
Stronger demand from China, the EU and Bangladesh supports palm oil prices, while weaker buying from India and Pakistan reduces offtake from price-sensitive markets.
en.infosawit.comInfoSAWIT EnglishDec 17, 2017After 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.
