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Boustead Plantations' annual report says Malaysian palm oil exports are set to grow 5 to 8 percent in 2017, with CPO prices expected to stay high in the first quarter. The company expects a rebound in output in the second half of 2017 as El Niño effects fade, with CPO trading around RM2,700 a tonne.
Expected output recovery in the second half points to softer palm oil prices later in 2017, though firm early-year prices and export growth provide near-term support.
malaymail.comMar 27, 2017After 66 past neutral report events, Palm Oil moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% 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.
