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Crude palm oil closed at MYR 4,708 a tonne on Friday, down 4.1% and the lowest since June 24, while staying below the MYR 5,000 level. Prices fell after Indonesia introduced an accelerated export program, known as flush out, which pushed prices down 14.5% in the prior week.
Industry attention is on possible further government measures.
The flush-out program accelerates Indonesian exports and clears domestic stocks, adding supply to global palm markets and pressuring prices. Further policy changes could either reinforce or reverse this pressure.
cnbcindonesia.comMaesaroh2022年7月3日在过去 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%。
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。
Explains that CPO fell after Indonesia's accelerated export (flush out) program, which pushed supply into the market and drove a sharp weekly drop to the lowest since June 24.
Prices fell 4.1% on July 1 after Indonesia's accelerated export (flush out) program added to export supply.
Describes Indonesia's accelerated export (flush out) program pushing prices down and the prior Friday's 4% drop, setting up the supply-glut momentum into the move.
