Palm Oil (B – Trams ): A Change Of Government Policy In Indonesia May Put Further Downward Pressure On Crude Palm Oil Prices, As Per The Prediction Of Abdul Hameed ,Director Of Sales Manzoor Trd, Co. Lahore On March ,14 This Will Bring Bearish Sentiments In the Market READ MORE
This new DMO policy will be in place until the supply situation returns to normal, according to the research .
“The latest development in Indonesia is likely negative for Malaysian planters as international CPO prices could retrace if Indonesia’s export permit rules are relaxed.
“The change in policy could lead to higher export supplies from Indonesia in the coming weeks and this could weaken CPO prices in the international market,”
Commenting on the recent fall in CPO prices, this was due to concerns over demand destruction amid high CPO prices and news of lockdowns in China.
The correction in prices could also be due to profit-taking by traders amid declining crude oil prices with the progress in peace talks between Russia and Ukraine, and expectation of higher export supplies from Indonesia,