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GAPKI data show Indonesia's crude palm oil and palm kernel oil output fell about 8% to 2.2 million tonnes in February. Palm product exports dropped 6% to 2.66 million tonnes over January and February, mainly due to a higher export duty.
Lower Indonesian output and a sharp fall in stocks tighten global palm supply, which supports palm oil prices.
biofuels-news.comBiofuels Int @biofuelsmagApr 7, 2017After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% 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.
