
Malaysian palm oil futures fell 85 ringgit (1.7%) to 4,904 ringgit a tonne on expectations of higher production and weaker demand. The decline followed Indonesia's plan to offer larger export quotas to its palm oil companies.
Indonesia's return to the export market after a recent halt has disrupted Malaysian demand.
Larger Indonesian export quotas and rising output add supply to a market where export demand is already weakening, pressuring palm prices lower. Soyoil and palm are substitutes in vegetable oils, so softer palm can weigh on related edible oil prices.
Setelah 400 peristiwa kebijakan bearish sebelumnya, Minyak Sawit bergerak median -0,0% selama 5 sesi (49% lebih tinggi; separuh tengah -1,3% sampai +1,1%), dan +0,2% selama 20 sesi.
Setelah 196 peristiwa kebijakan netral sebelumnya, Minyak Kedelai bergerak median +0,1% selama 5 sesi (52% lebih tinggi; separuh tengah -1,6% sampai +2,0%), 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.
Palm fell on expectations of higher output and weaker demand after Indonesia planned larger export quotas, signalling supply returning to the export market.
Larger Indonesian export quotas and weaker demand pushed futures lower, with Malaysian demand disrupted.