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Crude palm oil futures on Bursa Malaysia fell 3.3% to 3,455 ringgit a tonne on April 27, the lowest since early October. Indonesia changed its domestic market obligation rules, cutting the domestic cooking oil target to 300,000 tonnes a month and tightening the export ratio from 6:1 to 4:1, effective May 1.
The policy shift is expected to free more Indonesian palm oil for export, increasing global availability and pressuring prices from the largest producer.
fastmarkets.comthe Fastmarkets team, Min Jie Yaw28 apr 2023Na 400 eerdere neerwaarts beleid-gebeurtenissen bewoog Palmolie zich mediaan -0,0% over 5 sessies (49% hoger; middelste helft -1,3% tot +1,1%), en +0,2% over 20.
Na 351 eerdere neerwaarts beleid-gebeurtenissen bewoog Sojaolie zich mediaan -0,0% over 5 sessies (49% hoger; middelste helft -1,7% tot +1,8%), en -0,2% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Indonesia's revised domestic market obligation and looser export ratio, effective May 1, pushed futures to a six-month low in the days just before the window, signaling more export supply.
Palm oil fell to a six-month low on Indonesia's looser export policy, which adds vegetable oil supply to global markets and pressures competing soybean oil; the policy took effect May 1.
Indonesia's loosened DMO and export ratio, effective May 1, raise expected global supply and pushed CPO to a six-month low, setting up the May 1 drop.
