
Dorab Mistry cut his 2017 palm oil production forecast for Malaysia to 19.1-19.3 million tons from 19.8-20 million, and for Indonesia to 34-34.5 million from 34.5-35 million. He said output in both countries likely peaked in mid-2017, and that world production will rise only 4.5 million tons this year rather than nearly 7 million.
A smaller expected production increase tightens the palm oil supply outlook into year-end, supporting prices and the rally after yields recovered more slowly than expected from El Nino.
Setelah 149 peristiwa laporan bullish sebelumnya, Minyak Sawit bergerak median +0,5% selama 5 sesi (57% lebih tinggi; separuh tengah -1,1% sampai +1,8%), dan +0,8% 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.