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Analyst Dorab Mistry forecast Malaysia's 2019 palm oil output would rise to 20 million tonnes, up from 19.5 million tonnes previously. Malaysian output for January to March set monthly records, but he expects aging trees to limit production later in 2019.
Mistry also kept his Indonesian forecast at 44 million tonnes.
Higher Malaysian and Indonesian output forecasts point to ample palm supply that could cap prices. Limits from aging trees may offer some support later in the year.
thehindubusinessline.comReuters2019年4月29日在过去 96 次看跌的报告事件之后，棕榈油 在 5 个交易日内中位数变动 -0.1%（48% 上涨；中间一半区间为 -1.3% 至 +1.6%），20 个交易日内为 -0.9%。
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。
Same Mistry output forecast raise reported by another outlet; higher supply expectations pressured futures.
Mistry's upgrade of 2019 Malaysian output to 20 million tonnes signals higher supply and stocks, which could have sustained bearish pressure into May 1, though it was published several days earlier.
Same output upgrade report from Mistry that fed bearish supply expectations early in the window.
The raised Malaysian 2019 output forecast to 20 million tonnes and record Q1 output reinforced the bearish supply narrative behind the selloff.
