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The Malaysian Palm Oil Council forecast that Malaysian palm oil stockpiles will stay low in 2021 on strong Chinese demand and a lower Indian import duty. It projected Malaysian output of 19.6 million tonnes and an average benchmark price of 3,217 ringgit a tonne, up from 2,700 in 2020.
It also expected Indonesian exports to fall by 500,000 tonnes because of its higher export levies.
Tighter Malaysian stocks and firm demand support palm oil prices, and lower Indonesian exports would tighten global vegetable oil supply, which supports competing oils and meal values for feed buyers.
brecorder.comReuters2021年1月5日在过去 149 次看涨的报告事件之后，棕榈油 在 5 个交易日内中位数变动 +0.5%（57% 上涨；中间一半区间为 -1.1% 至 +1.8%），20 个交易日内为 +0.8%。
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。
MPOC forecast of low stocks on strong Chinese demand and lower Indian duty supports a higher price outlook and bullish sentiment.
