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GAPKI's press release reports that Indonesian crude palm oil and palm kernel oil output fell about 8% to 2.6 million tonnes in February. Exports, including oleochemicals and biodiesel, fell 6% to 2.66 million tonnes, and end-February stocks dropped about 32.5% to 1.93 million tonnes.
Falling output and stocks signal tighter palm supply, supporting palm oil prices.
gapki.idadminApr 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.
