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FGV Holdings, the world's largest crude palm oil producer, forecast a significant drop in 2020 output because pandemic restrictions disrupted plantation and mill work. Malaysia's movement restriction order, in place until mid-May, has curtailed its workforce, and limits on logistics services will affect CPO movement and inventory.
FGV also expects lower processing volumes for export and bulk products.
Lower Malaysian palm output and reduced processing tighten near-term palm oil supply, which supports prices even as demand weakens. Restocking in China provides some offsetting demand.
energy.economictimes.indiatimes.comET EnergyWorld29 Apr 2020Setelah 15 peristiwa logistik bullish sebelumnya, Minyak Sawit bergerak median -0,1% selama 5 sesi (47% lebih tinggi; separuh tengah -2,4% sampai +3,9%), dan +0,5% 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.
