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Crude palm oil futures on Bursa Malaysia closed higher on January 4, reaching their highest level since February 2011, with the March contract at 3,724 ringgit a tonne. Floods in Johor and Pahang, which together supply about 30% of Malaysian output, were expected to hit January and February production.
Strength on the Chicago Board of Trade also supported prices.
Flood-related output losses in a key producing region tighten near-term palm supply, pushing prices higher and raising feed fat costs.
malaymail.com4 janv. 2021Après 181 événements météo haussier passés, Huile de palme a varié en médiane de +0,5 % sur 5 séances (56 % de hausses ; moitié centrale de -0,9 % à +1,9 %), et de +0,3 % 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.
Directly reports the Jan 4 rally to a decade high, with floods in Johor and Pahang (about 30% of output) threatening Jan-Feb supply, plus CBOT strength.
Jan 4 rally to the highest since 2011 was supported by floods in Johor and Pahang (about 30% of output) threatening January-February production, plus CBOT strength.
