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Analyst Dorab Mistry forecast Malaysia's 2019 palm oil output would rise to 20 million tonnes, up from 19.5 million tonnes previously. Malaysian output for January to March set monthly records, but he expects aging trees to limit production later in 2019.
Mistry also kept his Indonesian forecast at 44 million tonnes.
Higher Malaysian and Indonesian output forecasts point to ample palm supply that could cap prices. Limits from aging trees may offer some support later in the year.
thehindubusinessline.comReuters2019/04/29過去の弱気なレポートイベント96件の後、パーム油 は5営業日で中央値 -0.1% 動き（48% が上昇。中央50%は -1.3% から +1.6%）、20営業日では -0.9% 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。
Same Mistry output forecast raise reported by another outlet; higher supply expectations pressured futures.
Mistry's upgrade of 2019 Malaysian output to 20 million tonnes signals higher supply and stocks, which could have sustained bearish pressure into May 1, though it was published several days earlier.
Same output upgrade report from Mistry that fed bearish supply expectations early in the window.
The raised Malaysian 2019 output forecast to 20 million tonnes and record Q1 output reinforced the bearish supply narrative behind the selloff.
