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Malaysian CPO recovered 2.9% to about $1,012 per tonne after falling from RM4,436 on 28 October to RM3,985 on 10 November. October Malaysian stocks reportedly rose to a record 3.62 million tonnes.
Indonesia's B50 biodiesel programme and El Niño risk are cited as support.
Record Malaysian stocks cap the rebound, while biodiesel demand and El Niño supply risk limit the downside for buyers.
Not enough comparable past events yet for a historical read.
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.