
Coronavirus lockdowns during Ramadan and Hari Raya are expected to keep palm oil demand from Muslim-majority importers such as India, Pakistan, Bangladesh, Saudi Arabia and Iran well below its usual seasonal peak. Purchases picked up in early March but slumped as lockdowns spread, and Malaysia's March palm oil exports fell 27% year on year.
Malaysia's benchmark crude palm oil price has already dropped nearly 30% since January 23.
Missing the Ramadan restocking window removes a key source of seasonal demand, which adds downward pressure on Malaysian crude palm oil prices and on vegetable oil values more broadly.
Setelah 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.