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.
在过去 400 次看跌的政策事件之后,棕榈油 在 5 个交易日内中位数变动 -0.0%(49% 上涨;中间一半区间为 -1.3% 至 +1.1%),20 个交易日内为 +0.2%。
在过去 351 次看跌的政策事件之后,豆油 在 5 个交易日内中位数变动 -0.0%(49% 上涨;中间一半区间为 -1.7% 至 +1.8%),20 个交易日内为 -0.2%。
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。
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.