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Coronavirus lockdowns during Ramadan and Hari Raya are expected to keep palm oil demand from Muslim-majority importers such as India, Pakistan, Bangladesh, Saudi Arabia and Iran well below its usual seasonal peak. Purchases picked up in early March but slumped as lockdowns spread, and Malaysia's March palm oil exports fell 27% year on year.
Malaysia's benchmark crude palm oil price has already dropped nearly 30% since January 23.
Missing the Ramadan restocking window removes a key source of seasonal demand, which adds downward pressure on Malaysian crude palm oil prices and on vegetable oil values more broadly.
staging.malaysiakini.comReuters2020年4月21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。
