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Malaysia's palm oil minister said the US withdrawal from the TPP affects its target of exporting 20 billion ringgit of palm products to the 12 pact countries by 2021. Exports to those countries were over 13 billion ringgit in 2014.
Malaysia plans bilateral trade deals and more downstream products instead.
Loss of preferential access to TPP markets could redirect palm oil export flows and modestly weigh on demand growth in those markets.
theborneopost.comJan 24, 2017After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% 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.
