
Malaysian palm oil futures remained near an eight-month low as September stocks rose 31.9% month on month to 2.16 million tonnes, with production up and exports down. Indonesia’s lower November reference price and export charges are making its supplies more competitive, while the article says India’s pre-Diwali buying has ended.
High Malaysian inventories and stronger competition from Indonesian exports add to available supply and pressure palm-oil prices. The end of a major buying period also leaves less near-term export demand to absorb stocks.
After 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.