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Affin Hwang Capital Research expects crude palm oil prices to stay high in the first quarter of 2017 because supply remains tight. It expects production to recover from the second quarter onward, which would pressure prices, and it raised its 2017-18 CPO price assumption to RM2,600 per tonne.
Analysts expect firm prices near term, followed by downward pressure as Malaysian production recovers later in 2017. The outlook is mixed for palm oil prices over the year.
thestar.com.myThe Star OnlineFeb 2, 2017Not enough comparable past events yet for a historical read.
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.
