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Malaysia's Plantation Industries and Commodities Ministry aims to grow commodity exports by 5-8% this year through new markets and a proposed free trade agreement with Iran. The ministry reported that commodity exports grew 2% to RM99.2 billion from January to October 2016, with commodities accounting for 15.6% of national exports.
The newsletter also covers several smaller items including FELDA leadership change and Brazil's grain export lull.
Export-oriented policy and trade expansion by Malaysia supports palm oil demand and flows, though the targets are broad and mostly aspirational for near-term palm oil prices.
gofbonline.comgofb-admMar 3, 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.
