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Sime Darby expects crude palm oil to trade rangebound between 2,600 and 2,700 ringgit per tonne over the next few months. The company cited continued Indonesian consumption for its B20 biodiesel mandate, and reported first-quarter average sales of 2,693 ringgit per tonne.
Steady Indonesian biodiesel demand provides a floor under palm oil prices, limiting downside even as production recovers.
nst.com.myOoi Tee ChingNov 16, 2017After 513 past neutral policy events, PALMOIL moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
After 842 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.
