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Palm oil producers in Malaysia, Indonesia and Singapore have seen their share prices fall as palm oil prices sag under the weight of bumper crops. Analysts expect the stocks to stay sluggish.
Larger harvests increase palm oil supply, which pressures prices and the earnings outlook for producers.
asia.nikkei.comTSUBASA YODAAug 16, 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.
