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Malaysian palm oil futures closed up 0.1% at 2,869 ringgit, a weekly loss of 1.4%, as October exports fell and demand from top buyer India weakened. India's September palm imports fell 27% year on year, while its soyoil purchases rose 28%.
Rising Indonesian inventories and weaker biodiesel consumption also weighed on prices.
Weaker Indian palm demand and rising inventories add bearish pressure on palm oil prices. Shifts toward soyoil purchases by India redirect demand within the vegetable oil complex.
brecorder.comReuters16 Okt 2020Setelah 158 peristiwa perdagangan bearish sebelumnya, Minyak Sawit bergerak median +0,0% selama 5 sesi (51% lebih tinggi; separuh tengah -1,3% sampai +0,8%), dan -1,4% 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.
