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Malaysian palm oil futures fell as September stocks rose to 2.16 million tonnes, while exports declined and imports increased. Indonesia cut its November reference price and export levy, reducing costs for sellers as they seek to move more volume.
High inventories and cheaper Indonesian exports add to available supply and competition, increasing downside pressure on palm oil prices.
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.