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Malaysian palm oil futures hit their limit down after falling 10%, and the price limit was widened from 10% to 15% for the afternoon session. Traders blamed recession fears and heavy crude palm oil selling from Indonesia, which had raised its export quota to seven times domestic sales.
Indonesia's larger export quota adds supply to world vegetable oil markets while recession fears cut demand, which pressures palm and related oils lower. The limit move signals a sharp, policy-linked decline that buyers should expect to persist near term.
spglobal.com6 de jul. de 2022spglobal.comNurul Darni, Aditya Kondalamahanty6 de jul. de 2022Após 400 eventos baixista de política passados, Óleo de palma subiu em mediana -0,0% em 5 sessões (49% de alta; metade central de -1,3% a +1,1%), e +0,2% em 20.
Após 351 eventos baixista de política passados, Óleo de soja subiu em mediana -0,0% em 5 sessões (49% de alta; metade central de -1,7% a +1,8%), e -0,2% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Limit-down move on July 6 driven by recession fears and heavy Indonesian selling after the export quota was raised, hitting both demand sentiment and supply.
Limit-down 10% fall on July 6 driven by recession fears and heavy Indonesian CPO selling after the export quota was raised to seven times domestic sales.
