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Felda's chairman says Indonesia and Malaysia could agree on a global reference price for crude palm oil and increase joint marketing. He argues a stable price would benefit the industry and smallholders.
Felda also described a stake purchase in Indonesia's Rajawali Corp as a strategic investment.
Coordinated pricing by the two largest producers could reduce price volatility, though no binding agreement has been reported and the impact on prices remains uncertain.
en.antaranews.comantaranews.comApr 23, 2017After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% 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.
