
Palm oil prices are rising on recovering demand from China and India. Labor shortages in producing countries caused by the coronavirus pandemic are also tightening supply.
The Bursa Malaysia index price was 3,064 ringgit a ton in mid-October, up 38% year on year.
Stronger Asian import demand combined with reduced output supports palm oil prices. Higher palm prices also lift the cost of competing vegetable oils and the wider edible oil complex used in feed.
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.