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Crude palm oil prices neared an eight-year high after Malaysian Palm Oil Board data showed October stockpiles fell 8.6 percent to 1.57 million tonnes, the lowest since June 2017. Production also contracted, and analysts expect prices to stay elevated through 2020 on tight edible oil supply and La Nina concerns.
China's stock-building purchases and biodiesel policies are also cited as support.
Lower Malaysian stocks and weaker output tighten global vegetable oil supply, supporting palm oil and feed-related prices.
themalaysianreserve.comZukri12 nov 2020Na 149 eerdere opwaarts rapport-gebeurtenissen bewoog Palmolie zich mediaan +0,5% over 5 sessies (57% hoger; middelste helft -1,1% tot +1,8%), en +0,8% 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.
