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Malaysian palm oil futures fell 85 ringgit (1.7%) to 4,904 ringgit a tonne on expectations of higher production and weaker demand. The decline followed Indonesia's plan to offer larger export quotas to its palm oil companies.
Indonesia's return to the export market after a recent halt has disrupted Malaysian demand.
Larger Indonesian export quotas and rising output add supply to a market where export demand is already weakening, pressuring palm prices lower. Soyoil and palm are substitutes in vegetable oils, so softer palm can weigh on related edible oil prices.
brecorder.comReuters29 jun 2022brecorder.comReuters30 jun 2022Na 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 196 eerdere neutraal beleid-gebeurtenissen bewoog Sojaolie zich mediaan +0,1% over 5 sessies (52% hoger; middelste helft -1,6% tot +2,0%), en -0,5% 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.
Palm fell on expectations of higher output and weaker demand after Indonesia planned larger export quotas, signalling supply returning to the export market.
Larger Indonesian export quotas and weaker demand pushed futures lower, with Malaysian demand disrupted.
