Loading…
Malaysia forecasts palm oil and palm-based product exports of 70 billion ringgit in 2017, up 3.6% from a year earlier. The minister said EU moves to curb palm biodiesel will negatively affect exports to Europe.
Steady export growth expectations point to firm demand for Malaysian palm oil, while EU restrictions on biodiesel use are a headwind for European-bound volumes.
customstoday.mediaCT ReportAug 7, 2017After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% 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.
