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Malaysia's oil palm acreage grew 1.7 percent to 5.7 million hectares in 2016, but crude palm oil output fell 13.2 percent as El Niño drought hurt yields. Palm oil stocks ended 2016 down 36.7 percent and exports fell 8.2 percent.
This is a review of 2016 data, so it is background rather than new news; the tight stock position from the El Niño shortfall still supports palm prices against recovering output.
gofbonline.comgofb-admJun 25, 2017After 66 past neutral report events, Palm Oil moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% 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.
