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Malaysian palm oil futures rose to their highest since February 2011 after a Reuters survey showed December stockpiles falling to a 13-year low. The March contract closed up 0.86% at 3,756 ringgit a tonne.
Indonesia also reported biodiesel output for January to November 2020.
Lower Malaysian inventories and steady biodiesel demand keep palm oil supply tight, supporting prices for vegetable oil and feed fat buyers.
brecorder.comReuters5 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.
Palm futures hit a 10-year high on Jan 5 after a Reuters survey showed December stocks at a 13-year low, a direct supply-tightness driver within the window.
