
Malaysia lowered its December crude palm oil reference price while keeping the export duty rate at 10%. Malaysian output was reported at 2.12 million tonnes in September, while exports fell 12.1% month on month and stocks reached a record; meanwhile, Indonesia’s biodiesel expansion and a projected fall in its export volumes were cited as factors that could tighten regional supply.
High Malaysian stocks and weaker exports weigh on near-term palm oil prices, but greater Indonesian domestic biodiesel use could reduce export availability and lend support to the regional market.
After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% 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.