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Gapki expects Indonesian palm oil exports to fall 18% year on year to 24.92 million tons in 2020 as the EU, China and India are hit by the coronavirus pandemic. Domestic consumption is forecast to rise 1.2% to 15.8 million tons, driven by the B30 biodiesel programme.
The association says biodiesel cannot be exported this year.
Lower export volumes add supply to the world market and weigh on palm prices, while B30 absorbs domestic output and limits how far that bearishness can run.
thejakartapost.comNorman Harsono2020年9月17日在过去 158 次看跌的贸易事件之后，棕榈油 在 5 个交易日内中位数变动 +0.0%（51% 上涨；中间一半区间为 -1.3% 至 +0.8%），20 个交易日内为 -1.4%。
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。
