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Industry official M.R. Chandran forecasts world palm oil output will rise 11 percent to 65 million tonnes in 2017 on favorable rains across Malaysia and Indonesia.
India's edible oil imports are expected to decline or hold flat in the year to October 2017 as domestic oilseed output recovers.
Expanding palm supply and weaker Indian import demand are likely to cap palm oil prices, with knock-on pressure on competing vegetable oils.
beta.malaymail.comMar 7, 2017After 29 past bearish weather events, Palm Oil moved a median -0.3% over 5 sessions (38% higher; middle half -2.2% to +0.6%), and -1.4% over 20.
After 49 past bearish weather events, Soybean Oil moved a median -0.5% over 5 sessions (43% higher; middle half -3.2% to +1.0%), and -0.3% 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.
