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Malaysia's palm oil and palm-based product exports fell in value from RM54.02 billion in 2017 to RM44.70 billion in 2018. The letter attributes the decline to EU bans and expanded Indonesian plantations, which created oversupply.
Lower export values and oversupply from Indonesian expansion point to weak global demand and pressure on palm oil prices.
malaysiakini.comAhmad Shahir Abdul AzizFeb 3, 2019
themalaysianinsight.com1 CommentsFeb 3, 2019After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), 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.
