# Fitch: Further CPO price rise to be constrained, despite rising biodiesel demand | The Star

> 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.

- Date: 2016-11-29 · published 2016-11-29T12:00:00.000Z
- Category: weather · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/10933-fitch-further-cpo-price-rise-to-be-constrained-despite-rising-biodiesel-demand
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-10-09 | [Palm oil firms face challenges on weak prices, sustainability, says Fitch Solutions \| The Star](https://feedsoft.ai/events/62639-palm-oil-firms-face-challenges-on-weak-prices-sustainability-says-fitch.md) | +0.0% | -3.4% |
| PALMOIL | 2018-01-09 | [Cpo prices expected to decline on mounting supply \| Borneo Post Online](https://feedsoft.ai/events/67073-cpo-prices-expected-to-decline-on-mounting-supply-borneo-post-online.md) | -2.2% | -3.5% |
| PALMOIL | 2017-03-09 | [Palm Oil Prices to Drop as Production Rebounds, Demand Slows](https://feedsoft.ai/events/72110-palm-oil-prices-to-drop-as-production-rebounds-demand-slows.md) | -1.8% | -5.3% |
| PALMOIL | 2018-02-21 | [Processors restrain the growth of prices for sunflower seeds in Ukraine](https://feedsoft.ai/events/66613-processors-restrain-the-growth-of-prices-for-sunflower-seeds-in-ukraine.md) | +0.4% | -2.4% |
| PALMOIL | 2023-09-28 | [Malaysia 2024 palm oil output to rise despite El Nino - govt \| Reuters](https://feedsoft.ai/events/34218-malaysia-2024-palm-oil-output-to-rise-despite-el-nino-govt-reuters.md) | -2.3% | -3.9% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2016/11/30/fitch-further-cpo-price-rise-to-be-constrained-despite-rising-biodiesel-demand/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.