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Palm oil is expected to miss its usual Ramadan demand surge because COVID-19 lockdowns are curbing purchases by major importers including India, Pakistan, Bangladesh, Saudi Arabia and Iran. Purchases had picked up in early March but slumped after lockdowns began.
Malaysian palm oil exports in March fell 27% year on year to 1.2 million tonnes.
The loss of the seasonal Ramadan restocking window removes a demand boost that normally supports prices, so prices may stay under pressure through the period.
ofimagazine.comQuartz Business Media2020/05/01過去の弱気な貿易イベント158件の後、パーム油 は5営業日で中央値 +0.0% 動き（51% が上昇。中央50%は -1.3% から +0.8%）、20営業日では -1.4% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
Lockdowns are curbing the usual Ramadan buying by major importers, removing seasonal demand support.
Lockdowns are cutting importer purchases and the usual Ramadan demand surge is expected to be missed, a bearish demand signal published 2020-05-01 inside the window.
