
Malaysian palm oil futures hit a near 10-month high on Wednesday, gaining 1.95% to 3,130 ringgit a tonne. Traders expect October stockpiles and output to have fallen, as COVID-19 restrictions and labour shortages hampered harvesting.
La Nina rains in Southeast Asia have also squeezed supply.
Expected stock drawdowns and lower output tighten palm supply, supporting vegetable oil prices and feed fat costs. La Nina weather is likely to persist into early 2021.
Setelah 181 peristiwa cuaca bullish sebelumnya, Minyak Sawit bergerak median +0,5% selama 5 sesi (56% lebih tinggi; separuh tengah -0,9% sampai +1,9%), dan +0,3% 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.