
Malaysia's palm oil output is expected to improve in 2024 as labour shortages ease, with MPOB forecasting production of 18.75 million tonnes and exports of 15.6 million tonnes. Planters still face compliance pressure from EU and US rules on deforestation and forced labour.
Higher expected Malaysian output and exports point to more supply in the palm oil market, which is mildly bearish for prices, though labour and regulatory constraints limit the upside to supply.
Setelah 96 peristiwa laporan bearish sebelumnya, Minyak Sawit bergerak median -0,1% selama 5 sesi (48% lebih tinggi; separuh tengah -1,3% sampai +1,6%), dan -0,9% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
On Feb 1, MPOB forecasts of improved 2024 output (18.75 Mt) and easing labour shortages point to higher supply, a bearish sentiment driver for palm prices.