◂ Event Timeline

Nov 5, 2024REPORTMalaysia

Malaysia’s end-October palm oil stocks fall on lower output, higher exports

Analysts polled expect Malaysia's palm oil inventories to fall about 4.6% in October to 1.92 million tonnes, the first decline in three months. The drop reflects forecast output of 1.76 million tonnes, 3.2% lower, and higher exports.

WHY IT MATTERS

Lower stocks and firmer export demand tighten near-term palm oil supply, which supports prices.

AFFECTSPALMOIL▲

SOURCE
reuters.comAshley TangNov 5, 2024

Price reaction & history

PALMOIL▲bullishSO FAR1d -1.7%5d +4.0%20d +0.3%

After 149 past bullish report events, PALMOIL moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.

Jan 5, 2021Malaysia end-December palm oil stocks seen hitting over 13-year low as output falls: poll+1.3%
Jan 10, 2022Malaysia end-Dec palm oil stocks smaller than expected as output plummets | Reuters+2.5%
Dec 12, 2023Malaysia’s November palm oil stocks dip amid drops in exports - Fastmarkets-0.5%
Dec 5, 2022Malaysia’s end-Nov palm oil stocks seen down slightly as output falls - Markets - Business Recorder+1.3%
Jan 10, 2025Malaysian palm oil stocks hit 19-month low in December as output drops+0.7%

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.

Linked price moves

PALMOIL+10.0%5 periods to Nov 6, 20244.0σ
Expected first drop in Malaysian stocks in three months on lower output and higher exports signals tightening supply, which supports prices heading into Nov 5-6.

PALMOIL · GP ▸

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