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Malaysian palm oil futures fell for a second day after Indonesia said it is considering a larger export quota to reduce high domestic stocks. Indonesia is also weighing higher biodiesel blending mandates to support farm prices, and weaker soyoil and palm oil in Dalian added pressure.
A larger Indonesian export quota adds supply to global vegetable oils, but a possible biodiesel mandate increase would absorb palm output domestically and could limit the downside. Net, the policy signals point to weaker palm prices with some support from biofuel demand.
mettisglobal.newsMG News4 juil. 2022
brecorder.comReuters4 juil. 2022Après 400 événements politique baissier passés, Huile de palme a varié en médiane de -0,0 % sur 5 séances (49 % de hausses ; moitié centrale de -1,3 % à +1,1 %), et de +0,2 % sur 20.
Après 351 événements politique baissier passés, Huile de soja a varié en médiane de -0,0 % sur 5 séances (49 % de hausses ; moitié centrale de -1,7 % à +1,8 %), et de -0,2 % sur 20.
Variations du benchmark de chaque matière depuis la dernière clôture avant l'événement. Les lectures historiques regroupent les événements passés de même nature ; elles décrivent ce qui s'est passé, pas ce qui arrivera. Ceci n'est pas un conseil en investissement.
Dated 2022-07-04 itself: palm futures extended losses as Indonesia mulled a larger export quota and higher stock-clearing, adding supply pressure, plus weaker Dalian oils.
Indonesia considering a larger export quota signals more supply reaching the market to cut high domestic stocks, pressuring prices early in the window.
Indonesia considering a larger export quota to cut domestic stocks raised the supply outlook and extended losses on July 4.
On July 4 Malaysian palm fell for a second day as Indonesia weighed larger export quotas to cut high domestic stocks, with weaker Dalian soyoil and palm adding pressure; palm weakness spills into soyoil as a close substitute.
