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Glenauk Economics expects Indonesia's palm oil supply to stay tight through 2024, with production down about 200,000 tonnes year on year, mainly due to adverse weather and high input costs. Gapki data showed May 2024 output fell 16% and exports fell 12% year on year, with stocks down 12%.
Analysts said Malaysia could benefit from buyers shifting toward its supply.
Low Indonesian output and stocks support high crude palm oil prices and redirect demand toward Malaysia. Tight global palm oil supply is supportive for vegetable oil and feed-related values.
在过去 181 次看涨的天气事件之后,棕榈油 在 5 个交易日内中位数变动 +0.5%(56% 上涨;中间一半区间为 -0.9% 至 +1.9%),20 个交易日内为 +0.3%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。