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Palm oil industry leaders are meeting in Bali, with weather and La Nina as key topics. Output in the second half of the year has been held back by a shortage of plantation workers in Malaysia, and global production may rise about six million tonnes next year.
Expected production rebound from Indonesia and Malaysia versus labor shortages and La Nina rains will determine whether palm supply overwhelms demand in 2018.
freemalaysiatoday.comBloombergNov 1, 2017After 29 past bearish weather events, Palm Oil moved a median -0.3% over 5 sessions (38% higher; middle half -2.2% to +0.6%), and -1.4% 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.
