
Malaysia's palm oil marketing board MPOC said palm oil at 3,900 ringgit ($889) per tonne is reasonably priced, so demand from China and India is expected to rise. It expects prices to hold near that level, supported by a recovery in soyoil prices.
Malaysian palm contract prices are down 12% this year as output is expected to rise.
Stronger expected buying from the two largest importers would support palm oil and competing vegetable oil prices. Rising output in the coming months limits how far prices can recover.
Setelah 133 peristiwa perdagangan bullish sebelumnya, Minyak Sawit bergerak median +0,7% selama 5 sesi (64% lebih tinggi; separuh tengah -0,8% sampai +2,3%), dan +1,7% 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.