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Malaysian palm oil futures fell for a second day after Indonesia said it is considering a larger export quota to reduce high domestic stocks. Indonesia is also weighing higher biodiesel blending mandates to support farm prices, and weaker soyoil and palm oil in Dalian added pressure.
A larger Indonesian export quota adds supply to global vegetable oils, but a possible biodiesel mandate increase would absorb palm output domestically and could limit the downside. Net, the policy signals point to weaker palm prices with some support from biofuel demand.
mettisglobal.newsMG News4 de jul. de 2022
brecorder.comReuters4 de jul. de 2022Após 399 eventos baixista de política passados, PALMOIL 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, SBO 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.
Dated 2022-07-04 itself: palm futures extended losses as Indonesia mulled a larger export quota and higher stock-clearing, adding supply pressure, plus weaker Dalian oils.
Indonesia considering a larger export quota signals more supply reaching the market to cut high domestic stocks, pressuring prices early in the window.
Indonesia considering a larger export quota to cut domestic stocks raised the supply outlook and extended losses on July 4.
On July 4 Malaysian palm fell for a second day as Indonesia weighed larger export quotas to cut high domestic stocks, with weaker Dalian soyoil and palm adding pressure; palm weakness spills into soyoil as a close substitute.
