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A Reuters poll expected Malaysia's end-December palm oil stocks to fall 22% to 1.22 million tonnes, the lowest since June 2007. Production was forecast to drop 11% for a third straight month while exports rose 15%.
Labour shortages from the migrant worker ban also hampered plantation output in 2020.
A sharp drop in Malaysian inventories signals a tight palm oil market, which lifts prices and raises the cost of palm-based feed ingredients.
sg.finance.yahoo.comMei Mei Chu5 Jan 2021Setelah 149 peristiwa laporan bullish sebelumnya, Minyak Sawit bergerak median +0,5% selama 5 sesi (57% lebih tinggi; separuh tengah -1,1% sampai +1,8%), dan +0,8% 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.
Poll showed stocks falling to the lowest since 2007 on falling output and rising exports, fueling bullish stock-tightness expectations.
