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Fitch Ratings says further crude palm oil price gains will be limited in 2017 despite rising biodiesel demand. Higher output is expected after improved weather conditions.
Improved weather and higher output expected to cap average CPO prices next year, offsetting biodiesel demand support. The outlook implies limited upside for palm oil from current levels.
thestar.com.myThe Star OnlineNov 29, 2016After 29 past bearish weather events, Palm Oil moved a median -0.3% over 5 sessions (38% higher; middle half -2.2% to +0.6%), and -1.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
